Infore Environment Technology Group (000967.SZ) and related personnel were issued a warning letter by the Zhejiang Securities Regulatory Bureau.

date
28/02/2025
avatar
GMT Eight
Infore Environment Technology Group (000967.SZ) announced that recently, the company and related personnel received a decision from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission ("Zhejiang Securities Regulatory Bureau") to issue a warning letter to Infore Environment Technology Group Technology Group Co., Ltd. and related personnel. The relevant content is as follows: During an on-site inspection, the Zhejiang Securities Regulatory Bureau found that Infore Environment Technology Group Co., Ltd. (hereinafter referred to as the company) used funds raised in 2022 to pay for non-raised investment project expenditures, which were returned to the raised funds account in the same year. In addition, the company also mixed raised funds with its own funds. The company's above behaviors violate the provisions of Article 3 of the "Regulations on the Disclosure ofInformation by Listed Companies" (CSRC Order No. 182), and Article 6 of the "Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" (CSRC Announcement [2022] No. 15). The Chairman and CEO of the company, Ma Gang, the then Secretary of the Board of Directors, Jin Taotao, and the Chief Financial Officer, Wang Qingbo, violated Articles 4 and 51 of the "Regulations on the Disclosure ofInformation by Listed Companies" (CSRC Order No. 182), and bear primary responsibility for the above violations. In accordance with Article 52 of the "Regulations on the Disclosure ofInformation by Listed Companies" (CSRC Order No. 182), the Zhejiang Securities Regulatory Bureau has decided to take supervisory measures to issue a warning letter to the above entities and record it in the integrity file of the securities and futures market.

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