Subsidiary Oriental Supercomputing abruptly shut down appmall · 152 TB of user data wiped · Zero public disclosure
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.