Aokang controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Undisclosed Related-Party Transactions and Misappropriation of Funds by the Actual Controller; Company Fined RMB 3 Million
The final penalty in 2024 found that Aokang had engaged in non-operating misappropriation of funds and undisclosed related-party transactions from 2021 to 2022. The company and its actual controller, Wang Zhentao, were each fined RMB 3 million, and the relevant funds and interest were repaid.