➀ Xunmai Holding's financial director was detained and investigated, causing market speculation; ➁ The company's revenue and profit grew significantly in the first half of 2024, but faced competition from domestic brands; ➂ Xunmai Holding, known as the 'King of African smartphones,' is facing challenges in the African market as domestic brands enter.

➀ Transsion Holdings announced that its CFO Xiao Yonghui has been placed under detention and under investigation by the Dandong Zhen'an District Supervision Commission. The company has made proper arrangements for his work.➁ Xiao Yonghui, born in 1969, has a college degree and has worked at Jiangxi Qingjiang Chemical Factory and Ningbo Bird Co., Ltd. He has been serving as the CFO of Transsion Holdings since January 2014.➂ Transsion, known as the 'King of African Mobile Phones,' has a significant market position in Africa, with a 52% market share in the African smartphone market in Q1 2023, surpassing Samsung and Xiaomi. The company is also expanding into emerging markets such as Southeast Asia, Latin America, the Middle East, and India.