Nuoli Co., Ltd. (603611.SH) and related personnel received a warning letter from the Zhejiang Securities Regulatory Bureau

Zhitong Finance App News, Nuoli Co., Ltd. (603611.SH) issued an announcement. The company recently received the “Decision on Issuing Warning Letter Measures against Nuoli Intelligent Equipment Co., Ltd., Changxing Nuoli Power Co., Ltd. and related personnel” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as “Zhejiang Securities Regulatory Bureau”). The relevant details are as follows:

Changxing Nuoli Power Co., Ltd. (hereinafter referred to as “Changxing Nuoli”) is a related party of Nuoli Intelligent Equipment Co., Ltd. (hereinafter referred to as “Nuoli Shares”). In 2024, Zhongding Intelligence (Wuxi) Technology Co., Ltd. (hereinafter referred to as “Zhongding Intelligence”), a holding subsidiary of Nuoli Co., Ltd., had a financial transaction of 6.0567 million yuan with Changxing Nuoli, which constituted the non-operating capital occupation of related parties. Nuoli Co., Ltd. did not disclose in its 2024 annual report the non-operating use of listed companies' capital by related parties mentioned above.

The above actions of Nuoli Co., Ltd. violate the provisions of section 3 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182) and section 5 of the “Guidelines for the Supervision of Listed Companies No. 8 - Regulatory Requirements for Financial Transactions and External Guarantees of Listed Companies” (Securities Regulatory Commission Notice (2022) No. 26). Changxing Nuoli violated the provisions of section 3 of the “Guidelines for the Supervision of Listed Companies No. 8 - Regulatory Requirements for Listed Companies' Financial Transactions and External Guarantees” (Securities Regulatory Commission Notice [2022] No. 26). Ding Yi, chairman of Nuoli Co., Ltd., general manager Mao Ying, then board secretary Dai Wenbin, and financial director Mao Xingfeng failed to be diligent and conscientious, violating the provisions of Sections 4 and 51 of the “Administrative Measures on Information Disclosure of Listed Companies” (Securities Regulatory Commission Order No. 182), and bear the main responsibility for these acts.

According to the provisions of Article 52 of the “Administrative Measures on Information Disclosure of Listed Companies” (CSRC Order No. 182) and Article 23 of the “Supervisory Guidelines for Listed Companies No. 8 - Regulatory Requirements for Listed Companies” (CSRC Notice (2022) No. 26), the Zhejiang Securities Regulatory Bureau decided to take supervisory and management measures to issue separate warning letters against the company and related personnel, and record them in the securities and futures market integrity file.