Jinming’s investigation bureau searched last week and the company confirmed that the general manager had been detained.

Jin Ming issued a major message early this morning, stating that general manager Jian Haoting was detained by the Taoyuan District Court on the 9th. The company has activated an operational contingency mechanism, and the general manager position is temporarily represented by chairman Cai Xiangfeng (see picture). (File photo)

[Reporter Fang Weijie/Report from Taipei] Jinming (3230), which crossed over from the Apple iPod supply chain to military drones, was searched by the Investigation Bureau of the Ministry of Justice on the 8th, and there are new developments in the case. Jin Ming pointed out in the early morning of today (12th) that general manager Jian Haoting was detained by the Taoyuan District Court on the 9th. The company has activated an operational contingency mechanism. The general manager position is temporarily replaced by chairman Cai Xiangfeng to maintain the normal operation of various businesses.

Jinming released a major message at 5:34 pm on the 8th, confirming that the Bureau of Investigation went to the company to conduct a search and investigation that day. It emphasized that it respects judicial procedures and cooperates with relevant investigations in accordance with the law. Based on the principle of non-disclosure of investigations, it is inconvenient to comment on the details of the investigation. At that time, it did not explain the reasons for the search and the cases involved. As the general manager was detained by the court, the company announced the latest progress again at 6 o'clock this morning, but it has not disclosed the specific circumstances of the case.

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In response to the impact of the incident on operations, Jinming said that the company's various businesses are currently continuing, and the financial and business operations are all normal. It has been assessed that the existing domestic and foreign businesses and the overall financial situation have not been significantly affected at this stage, and export orders have not been affected.

It is worth noting that Jinming simultaneously disclosed its revenue structure this time. As of September this year, the main metal stamping mold business accounted for approximately 85.8% of the overall revenue, and the drone business accounted for approximately 3.3%. Among them, defense-related orders for the drone business accounted for approximately 1.1% of the overall revenue. This shows that although the company is actively developing the military drone market, its current revenue is still dominated by the traditional metal stamping mold business.

Jinming has only recently attracted the attention of the German Handelsblatt, which reported on its transformation process from consumer electronics to the defense industry. Jin Ming was involved in the manufacturing of Apple's music player iPod in the past, and is now involved in the field of military drones. The demonstrations include the "Viper" small four-rotor military drone and a prototype of a jet-powered lightweight fixed-wing drone. Both products are billed as made in Taiwan. Unexpectedly, shortly after the German media report, the company was reportedly searched by the investigation bureau and the general manager was detained.

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