The Shenzhen Stock Exchange issued a regulatory letter to Vpower Transmission for violations such as incomplete disclosure of information.

Shenzhen Stock Exchange announced that Weili Transmission and related parties received a regulatory letter from the Shenzhen Stock Exchange for violations including incomplete temporary disclosure of information, non-standard internal control, and insufficient provision for bad debt in accounts receivable. The announcement "Announcement on the Company's Intention to Sign an Agreement and Make Foreign Investment with the Yinchuan Economic Development Zone Management Committee" disclosed on September 23, 2023, did not disclose key terms of the agreement, violating relevant provisions of the "Growth Enterprise Stock Listing Rules". Former chairman Li Abo, general manager Li Xiang, and board secretary Bao Yixuan did not fulfill their duties properly, violating relevant regulations and bearing significant responsibility for the company's violations.