Wu said that YZi Labs has issued a letter to the CEA Industries Board of Directors denying the allegations of a so-called "secret subsidiary agreement" and disclosing that the related Strategic Services Agreement (SSA) was terminated on December 11, 2025, and that the board was already aware. YZi Labs stated that the CEA Board and its legal counsel Winston & Strawn participated in and were aware of the agreement structure, and that relevant directors and management were directly involved in negotiations and execution, so the agreement is not "secret." YZi Labs also pointed out that since the termination of the SSA, no payments have ever been received, and the so-called fee sharing "does not exist." YZi Labs demands that the CEA Board clarify its public statement of ignorance and disclose related-party transactions involving 10X Capital / Hans Thomas.
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Wu said that YZi Labs has issued a letter to the CEA Industries Board of Directors denying the allegations of a so-called "secret subsidiary agreement" and disclosing that the related Strategic Services Agreement (SSA) was terminated on December 11, 2025, and that the board was already aware. YZi Labs stated that the CEA Board and its legal counsel Winston & Strawn participated in and were aware of the agreement structure, and that relevant directors and management were directly involved in negotiations and execution, so the agreement is not "secret." YZi Labs also pointed out that since the termination of the SSA, no payments have ever been received, and the so-called fee sharing "does not exist." YZi Labs demands that the CEA Board clarify its public statement of ignorance and disclose related-party transactions involving 10X Capital / Hans Thomas.