True Kung Fu Former Chairman Cai Dabiao Was Arrested &Nbsp, Suspected Of Economic Crime.

The real Kung Fu family struggle

Yesterday (May 11th) afternoon, the Guangdong Provincial Public Security Bureau announced on its official website that the founder and former chairman Cai Dabiao, who had been running away, had been arrested by public security authorities in April 22nd.

In this regard, yesterday evening, the real Kung Fu public relations department issued a statement in the name of the company, saying that the incident had nothing to do with the real Kung Fu Restaurant. Now Pan Yuhai, the founder and vice chairman of Kung Fu company, performs the duties of chairman of the company.

Police release arrest news

At 11 pm on March 17th this year, the Guangdong Provincial Public Security Bureau website announced that the Guangzhou Municipal Public Security Bureau was suspected of being a senior executive of Guangzhou real Kung Fu Restaurant chain Limited.

Guangdong Provincial Public Security Bureau said yesterday that the Guangzhou public security aircraft in March 17th of this year on the real Kung Fu Catering Management Co., Ltd. Cai Dabiao and others suspected of economic crime after the case investigation, the suspect Cai Dabiao has absconded, and was arrested by the public security authorities in April 22nd.

"Investigation by the public security organs of Guangzhou confirmed that Cai Dabiao and others were suspected of misappropriating funds and embezzlement.

With the approval of the Guangzhou Municipal People's Procuratorate, 4 suspects such as Cai Dabiao were arrested in April 22nd.

Guangdong Provincial Public Security Bureau said.

True Kung Fu says the chairman has been replaced.

Yesterday evening, the silent Kung Fu public relations department issued the first formal statement since March, in the name of the company. The statement said that some of the Kung Fu company executives were arrested by the judiciary for suspected job-related crimes.

This incident has nothing to do with Kung Fu Restaurant. At present, the Kung Fu company has fully recovered its good and orderly operation.

In addition, the statement said that in view of the fact that Cai Dabiao, the former chairman of the Kung Fu company, has been arrested by law, he is unable to perform his duties as chairman. According to the relevant regulations, Mr. Pan Yuhai, founder and vice chairman of Kung Fu company, performs the duties of chairman of the company and represents the company on behalf of the company.

This also means that Cai Dabiao's ex-wife Pan Minfeng and Pan Minfeng's younger brother, vice chairman Pan Yuhai, have fully controlled the company.

Yesterday, police confirmed that Cai Dabiao had been arrested. Yesterday, reporters contacted Cai Dabiao's sister Cai Chunhong and Cai Dabiao's Cai Huiting, but the phone was never answered, and the message was not answered.