Ningbo Heli Technology (603917.SH) and related personnel received a warning letter from the Ningbo Securities Regulatory Bureau.

Ningbo Heli Technology (603917.SH) announced that it has received a notice from the Ningbo Bureau of the China Securities Regulatory Commission regarding the decision to issue warning letters to Ningbo Heli Technology Co., Ltd., Fan Kaishu, and Fan Kaiyuan. The decision states that Fan Kaishu, as one of the actual controllers of the company, and then-director and deputy general manager, signed an agreement with Ma Xubiao on February 18, 2015, to transfer 1 million shares of the company held by Fan Kaishu to Ma Xubiao at a price of 10 yuan per share. Ma Xubiao paid the transfer price of 5 million yuan as agreed, and Fan Kaishu held the corresponding 500,000 original shares of the company on his behalf. Later, the people's court determined that there was a share transfer and agency holding relationship between Fan Kaishu and Ma Xubiao, but this legal relationship was deemed invalid due to violations of mandatory provisions of the Company Law. The aforementioned agency holding of shares was only disclosed in the 2025 annual report, leading to inaccurate disclosure of shareholder holdings in the company's prospectus for the initial public offering and periodic reports from 2017 to the second half of 2025. The companys actions violated relevant regulations. As one of the actual controllers of the company, Fan Kaishu served as vice chairman, deputy general manager, and chairman of the supervisory board during the period from 2015 to 2025, and his actions violated relevant regulations. Fan Kaiyuan, as the then secretary of the board, was aware of the signing of the above agreement but did not report it to the board in a timely manner or organize the disclosure, violating relevant regulations. The Ningbo Securities Regulatory Bureau decided to issue warning letters to the company, Fan Kaishu, and Fan Kaiyuan as administrative regulatory measures, and to record this in the integrity archive database of the securities and futures market.