Kailong High Technology (300912.SZ) actual controller Zang Zhicheng received a warning letter from the Jiangsu Securities Regulatory Bureau.

Announcement from Kailong High Technology (300912.SZ): Mr. Zang Zhicheng, the actual controller, chairman, and general manager of the company, recently received a decision from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission to issue a warning letter to him. The announcement stated that on December 19, 2017, Zang Zhicheng signed a "Stock Holding Agreement" with Sun Qiaomei, agreeing to transfer 150,9334 shares of Kailong High Technology Co., Ltd. held by Zang Zhicheng to Sun Qiaomei, and to hold the shares on behalf of Sun Qiaomei in the name of Zang Zhicheng. Zang Zhicheng, as the actual controller, chairman, and general manager of Kailong High Technology, did not truthfully inform the company of the changes in the shareholding information, leading to inaccurate disclosure of Zang Zhicheng's shareholding information in the prospectus for the company's initial public offering and listing on the Growth Enterprise Board, as well as in the company's periodic reports since its listing in 2020.