The intraday stock price hit a record high, and Zhejiang XCC Group (603667.SH) and its secretary were issued a warning letter for inaccurately disclosing information related to screw products.

Zhejiang XCC Group (603667.SH) issued an announcement, stating that the company and related parties received an administrative supervision measure decision notice on February 7, 2025 from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission (No. [2025]22) regarding the decision to issue a warning letter to Zhejiang XCC Group Co., Ltd. and related personnel. It is reported that the company did not fully disclose the impact of the screw products on performance, the uncertainty of the ultimate customer, and the main provision of semi-finished products when responding to investor inquiries about the company's products and their relation to Siasun Robot & Automation on the Shanghai Stock Exchange investor relations platform. The inaccurate and incomplete release of company-related information, inadequate disclosure of risks, may mislead investor decisions. The above behavior violates Article 3 of the "Regulations on the Management of Information Disclosure by Listed Companies" (CSRC Order No. 182). Peng Yaohui, the secretary of the board of directors, violated Articles 4 and 51 of the "Regulations on the Management of Information Disclosure by Listed Companies" (CSRC Order No. 182), and bears primary responsibility for the above violations. In accordance with Article 52 of the "Regulations on the Management of Information Disclosure by Listed Companies" (CSRC Order No. 182), the Zhejiang Regulatory Bureau has decided to issue a warning letter as a supervision measure and record it in the integrity file of the securities and futures market. You should learn from this lesson, strengthen your understanding of relevant laws and regulations, fulfill your information disclosure obligations seriously, improve the quality of information disclosure, prevent the recurrence of such violations, and submit a written rectification report to the Zhejiang Regulatory Bureau within 10 working days from the date of receiving this decision notice.