Juheshun Advanced Material (605166.SH) and related responsible personnel have received a warning letter from the Zhejiang Securities Regulatory Bureau.

Juheshun Advanced Material (605166.SH) announced that the company recently received a decision from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission regarding the issuance of a warning letter to Juheshun Advanced Material Co., Ltd. and related personnel. The relevant details are as follows: On September 20, 2024, and September 26, 2024, the company used part of its idle funds raised for cash management, with a total amount of 90 million yuan. The company did not timely conduct review procedures and fulfill disclosure obligations regarding the above matters, and only convened a board meeting in April 2025 to supplement the review and disclosure. The company's actions violated the regulatory requirements of the "Regulatory Guidelines for Listed Companies No. 2 - Regulation on the Management and Use of Funds Raised by Listed Companies" (CSRC Announcement [2022] No. 15) Article 8 and the "Regulations on Information Disclosure Management of Listed Companies" (CSRC Order No. 182) Article 3. Chairman Fu Changbao, General Manager Mao Xinhua, and then-Secretary of the Board and CFO Yao Shuangyan failed to diligently fulfill their duties, urging the listed company to regulate the use of raised funds and fulfill disclosure obligations, in violation of Articles 4 and 51 of the "Regulations on Information Disclosure Management of Listed Companies" (CSRC Order No. 182). In accordance with Article 52 of the "Regulations on Information Disclosure Management of Listed Companies" (CSRC Order No. 182), the Zhejiang Regulatory Bureau has decided to issue warning letters to the company, Fu Changbao, Mao Xinhua, and Yao Shuangyan, respectively, as supervisory measures and to record them in the integrity archives of the securities and futures market.