Mcglaughlin: Prosecution Will Not Have A Significant Impact On The Company's Daily Operation.

For four cases of collective litigation in the United States, Mcglaughlin (NASDAQ:MCOX) today's response: prosecution will not affect the company. Daily operation Has a major impact.

In response to the question of "excessive packaging of financial reports", Mcglaughlin gave the latest data today: the total IPO issuance is about $149 million, of which the company raises about $113 million, and the original shareholders sell about 23 million shares of common stock, which is equivalent to 3 million 200 thousand US depositary receipts, which is calculated at US $11 per US depositary receipt and the amount is about 35 million US dollars. Among them, Sequoia Fund and Gu Bei Chun sell a total of about 14 million common stocks, about 2 million shares of American depositary receipts, with cash in the form of about 22 million dollars.

Mcglaughlin announced today that for the United States Individual shareholder Mcglaughlin's company and its senior management and directors have not been served a copy of any claim. Mcglaughlin held that the claim was unfounded, and the company and its directors and senior managers were prepared to make a strong defense against the claim.

In addition, because of the absolute control of Mcglaughlin, Sequoia Capital Shen Napeng is classified as the first defendant in the United States by local class action. There were media reports that insiders believed that Mcglaughlin's allegations of false statements in the face of IPO meant too much capital manipulation behind him. In this regard, Mcglaughlin insisted today that his company executives have not changed since Shen Napeng joined the capital, and CEO has been appointed by Gu Bei Chun.

Mcglaughlin also said that no court summons had been received so far.