Key personnel of Zhejiang Shengyang Science and Technology (603703.SH) received a warning letter from the Zhejiang Securities Regulatory Bureau.

Zhejiang Shengyang Science and Technology (603703.SH) issued an announcement stating that on December 26, 2025, the company received a decision by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission to issue a warning letter to Ye Liming and Xu Fengjuan (No. 322 [2025]). It was found that Ye Liming and Xu Fengjuan signed profit guarantee agreements with some of the subscribers during the company's non-public issuance of A shares in 2019, in violation of Article 17 of the "Administrative Measures for the Issuance and Underwriting of Securities" (CSRC Order No. 144) in December 2020.