Shandong Zhanggu announced that the company received the “Decision on Ordering Corrective Measures against Shandong Zhangqiu Blower Co., Ltd. and related responsible personnel” issued by the Shandong Securities Regulatory Bureau today. After investigation, the company had issues such as irregularities in reviewing related transactions and disclosure of information, illegal use of raised funds, and irregular corporate governance. The Shandong Securities Regulatory Bureau decided to take corrective administrative supervision measures against the company and relevant responsible personnel, and recorded them in the securities and futures market integrity file database. The company and relevant personnel will carry out rectification in strict accordance with the requirements and submit written rectification reports.

Shandong Zhanggu announced that the company received the “Decision on Ordering Corrective Measures against Shandong Zhangqiu Blower Co., Ltd. and related responsible personnel” issued by the Shandong Securities Regulatory Bureau today. After investigation, the company had issues such as irregularities in reviewing related transactions and disclosure of information, illegal use of raised funds, and irregular corporate governance. The Shandong Securities Regulatory Bureau decided to take corrective administrative supervision measures against the company and relevant responsible personnel, and recorded them in the securities and futures market integrity file database. The company and relevant personnel will carry out rectification in strict accordance with the requirements and submit written rectification reports.