Subsidiary Oriental Supercomputing abruptly shut down appmall · 152 TB of user data wiped · Zero public disclosure · Day 263 with no announcement
On December 15, 2025, the Shanghai-listed company Xin Dongfang New Material Co., Ltd. (ticker: 603110.SH) allowed its 100%-owned subsidiary Oriental Supercomputing (Shenzhen) Technology Co., Ltd. to abruptly shut down its compute platforms appmall.com and appmall.ai — with zero email, SMS, or telephone notification to users.
The immediate consequences: 192,339 registered users lost access to their workspaces; 152.321 TB of user data (AI training results, compute artifacts, business files) was permanently deleted; 213 users with account balances totaling approximately ¥4,896.83 were not refunded.
Under the Administrative Measures for Telecommunications Business Licenses, the operator is required to give 90 days' notice to the Ministry of Industry and Information Technology and 30 days' notice to users before terminating service. Actual notice given: 0 days. Public announcements issued by the listed company: 0.
Zhuang Shengxin (庄盛鑫), born May 1985, holder of Hong Kong Permanent Resident status. Son-in-law of the former controlling shareholder Fan Jiaju (disclosed in SSE announcement 2019-078).
Current roles: Chairman, General Manager, and Legal Representative of Oriental Materials (603110.SH); concurrently General Manager of Oriental Supercomputing — confirmed on the SSE investor interaction platform on 2026-01-12, and reported by National Business Daily the same day.
Under Article 82 of the PRC Securities Law, Zhuang Shengxin bears primary responsibility for disclosure of material events. The shutdown of a subsidiary's core business constitutes a material event that must be disclosed. As of the current date: zero announcements, zero public response.
Telecom license regulator — direct jurisdiction over B2-class operators.
Prepaid-card violations and contract fraud.
Listed-company disclosure violations.
Stock Listing Rules enforcement.
On 2025-12-15, the wholly-owned subsidiary Oriental Supercomputing abruptly shut down its appmall.com compute platform, permanently deleting 152.321 TB of data belonging to 192,339 users; 213 users with balances totaling approximately RMB 4,896.83 were not refunded. No prior notice and no public announcement were given.
Zhuang Shengxin is the Chairman, General Manager and Legal Representative of Oriental Materials (603110.SH), and concurrently the General Manager of its subsidiary Oriental Supercomputing (confirmed on the SSE investor-interaction platform on 2026-01-12). Under Article 82 of the PRC Securities Law he bears responsibility for ensuring timely and truthful disclosure of material events.
Under the SSE Stock Listing Rules, a listed company must promptly disclose material losses and major changes in operations. The shutdown of a subsidiary's core business and loss of 152.321 TB of user data appears to qualify, yet no announcement has been issued to date, suggesting a possible material-disclosure violation.
As of now, Oriental Supercomputing has offered no refund plan; 213 users with balances totaling about RMB 4,896.83 remain unrefunded. Affected users can file complaints with MIIT (12300) and Market Supervision (12315) to demand refunds, keeping top-up and order records as evidence.