gutspoker| ST Start: Relevant personnel of the company received a warning letter from the Zhejiang Supervision Bureau

On May 8, ST announced that the company recently received the "Decision on Taking Measures to Issue Warning Letters against Rao Congmei" and the "Decision on Taking Measures to Issue Warning Letters against Li Youxing" issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. The company has violated laws and regulations, including false records and major omissions in the 2018 and 2019 annual reports and the 2020 semi-annual report.gutspoker; The "Prospectus for Public Issuance of Convertible Corporate Bonds" disclosed by the company on April 8, 2020 contains material false content, etc. The Zhejiang Supervisory Bureau decided to take supervision and management measures by issuing warning letters to then-supervisor Rao Congmei and independent director Li Youxing.

(Article source: Daily Economic News)