--- title: "The Situation Escalates: Rumors That Yili Chairman Was Taken for Investigation, One Suspect Arrested" description: "A media report claimed that Yili Chairman Pan Gang was taken away by authorities for investigation, based on his absence from public appearances for nearly six months. Yili responded that the rumors were false, and the company has filed a police report, with one suspect already arrested." author: "New Distribution" publisher: "New Distribution" email: "zhaobo258@gmail.com" telephone: "+8615854817671" published: "2018-03-27" language: "en" canonical: "https://xinjignxiao.com/en/articles/the-situation-escalates-rumors-that-yili-chairman-was-taken-for-investig-84150dfa/" markdown: "https://xinjignxiao.com/en/articles/the-situation-escalates-rumors-that-yili-chairman-was-taken-for-investig-84150dfa.md" original_source: "https://mp.weixin.qq.com/s/DcK5F1UTTQ9tnOajVwOE5Q" translation: "https://xinjignxiao.com/zh/articles/%E4%BA%8B%E6%83%85%E6%90%9E%E5%A4%A7%E4%BA%86-%E9%80%A0%E8%B0%A3%E4%BC%8A%E5%88%A9%E8%91%A3%E4%BA%8B%E9%95%BF%E8%A2%AB%E5%B8%A6%E8%B5%B0%E8%B0%83%E6%9F%A5-%E4%B8%80%E5%90%8D%E6%B6%89%E6%A1%88%E4%BA%BA%E5%91%98%E8%A2%AB%E6%8A%93%E6%8D%95%E5%BD%92%E6%A1%88-84150dfa.md" attribution: "New Distribution — https://xinjignxiao.com/en/articles/the-situation-escalates-rumors-that-yili-chairman-was-taken-for-investig-84150dfa/" usage_policy: "https://xinjignxiao.com/ai-policy.txt" --- # The Situation Escalates: Rumors That Yili Chairman Was Taken for Investigation, One Suspect Arrested > A media report claimed that Yili Chairman Pan Gang was taken away by authorities for investigation, based on his absence from public appearances for nearly six months. Yili responded that the rumors were false, and the company has filed a police report, with one suspect already arrested. Yesterday, a media report claimed that **Yili Chairman Pan Gang was taken away by relevant authorities and asked to assist in an investigation.** **The media speculated that the source was his absence from public appearances for nearly six months.** 1. On Yili Co., Ltd.'s official website, under the "News Center" section, the most recent news about Pan Gang dates back to January 4, 2017, and there is almost no news about Pan Gang in the "Corporate News" section. 2. On March 12, under the theme "Quality Adheres to the Future," Yili Group, together with JD.com, launched the National Milk Powder Super Ceremony. At the ceremony, dairy companies led by Yili and JD.com jointly established the "China Infant Formula Milk Powder Quality Care Fund" with a total amount of 315 million yuan. The attendee was Zhang Jianqiu, Executive President of Yili Group. 3. On February 28, Xu Ke, Vice President of Yili Group, met with Peter Bakker, President of the World Business Council for Sustainable Development (WBCSD), in Hohhot, accompanied by Ye Haibo, Director of WBCSD China. 4. On January 25, Yili appeared at the World Economic Forum in Davos, Switzerland, with Zhang Jianqiu, Executive President of Yili Group, in attendance. 5. On January 11, the 12th "People's Corporate Social Responsibility Award" hosted by People's Daily Online was announced. Yili Group became the only dairy company to win the "Annual Enterprise Award" that day, thanks to its achievements in information disclosure, environmental responsibility, and social welfare. According to convention, the winning company's chairman usually must attend the award ceremony in person, but Pan Gang was absent. According to a search by New Distribution, Pan Gang's last public appearance was during a lecture at Harvard University in December 2017, and he has not appeared in public since then. In response to the report "Yili Chairman Pan Gang Taken for Investigation," Yili Co., Ltd. responded at noon, stating that the information reported by the media was false, and the market rumors were all false. The company's production and operations were normal, with no major information that should be disclosed but had not been disclosed. They also issued a clarification announcement. It is worth noting that in the announcement, Yili Co., Ltd. mistakenly wrote the date as March 27 (the announcement was issued on March 26). At such a critical moment, this error shows the urgency of Yili's response to the incident. **Citing public information, it is clear how important Pan Gang is to the development of Yili Group:** In 1999, Pan Gang established Yili's liquid milk business unit and concurrently served as its general manager. Before the establishment of the liquid milk business unit, Yili's liquid milk revenue was only 60 million yuan. Under Pan Gang's leadership, Yili's liquid milk business achieved revenue of 500 million yuan in 2000, 1.2 billion yuan in 2001, 2.4 billion yuan in 2002, and 4.6 billion yuan in 2003. The rapid development of Yili's liquid milk business also drove the development of the entire Chinese dairy industry, ushering in China's "liquid milk era" and changing Chinese people's milk-drinking habits. At the same time, the rapid development of the liquid milk business drove the rapid growth of Yili's other product categories (ice cream, milk powder), comprehensively promoting the improvement of Yili's overall management capabilities and making the "Yili" brand well-known to every household. New Distribution noted that on March 26, Yili's stock price was also affected by the rumors, falling sharply from a morning high of 29.47 yuan to a midday close of 27.05 yuan, with an amplitude exceeding 8%. In the afternoon, after the clarification announcement was released, the stock price rebounded somewhat, but ultimately closed down at 27.3 yuan, a decline of 3.53%. As of press time, Yili responded to the media, stating that recently, on online platforms, the company has continuously discovered multiple instances of false information defaming and slandering Yili Group and its leaders. Looking back at the history of Yili Group as a leading dairy enterprise driving industry development, it has continuously faced malicious attacks and public opinion attacks from different dimensions. Subsequently, after Yili reported the situation to the relevant departments of the Inner Mongolia Autonomous Region and Hohhot municipal government, both levels of government attached great importance and established a special working group to investigate. The case has been formally filed, and on March 19, the public security organs arrested one suspect involved in the "rumor incident" according to law. Specific information will be announced in the near future. The case is still under investigation. As for the defamation and malicious attacks, Yili will take legal measures to defend the company's reputation and resolutely uncover the masterminds behind the scenes. An unnamed vice president of Yili Group responded, saying, **"Yili has already filed a police report and will deal with the rumors. Regarding the topic of 'whether Pan Gang has returned to China,' he said he could not disclose too much, but 'we have been conducting normal business communication through conference calls.'"** -END- --- ## Copyright and AI use This article is sourced from New Distribution. Search, quotation, summarization, and model training are permitted, but every use must credit New Distribution and retain the canonical source URL. Contact: zhaobo258@gmail.com · +86 158 5481 7671