NEW POWER(SZ:300152) Xin Lang Zheng Quan·2025-03-24 07:16Core Viewpoint - Hebei Securities Regulatory Bureau has issued nine announcements against Xiong'an New Power Technology Co., Ltd., mandating corrective actions and issuing warning letters to seven executives due to multiple internal management issues [1][5]. Group 1: Internal Management Issues - The company has long-standing governance issues, with the chairman and board members unclear about basic governance requirements, ineffective decision-making mechanisms, and insufficient roles of independent directors [2][3]. - There are serious deficiencies in operational norms, including irregular shareholder meetings, overdue board re-elections, and incomplete meeting records, violating several regulatory provisions [3]. - Management of insider information is inadequate, breaching regulations regarding the registration of insider information [3]. Group 2: Financial Reporting and Disclosure - Xiong'an New Power failed to consolidate the Puyishijiazhuang Equity Investment Fund Management Center in its financial reports for 2022 and 2023, leading to false disclosures in multiple annual and semi-annual reports [3][4]. - The company’s disclosures for the 2022 semi-annual report, 2022 annual report, 2023 semi-annual report, 2023 annual report, and 2024 semi-annual report do not comply with accounting standards, resulting in violations of information disclosure regulations [3][4]. Group 3: Executive Accountability - Seven executives, including the chairman and financial directors, have been held primarily responsible for the company's violations due to their failure to perform due diligence [4][5]. - The regulatory actions include a mandate for corrective measures against the company and warning letters to the involved executives [5]. Group 4: Company Overview - Xiong'an New Power was established in June 2003, focusing on technology research and development in the hydrogen energy sector, sales of artificial intelligence devices, and development of AI application software [5]. - As of the report, the company's total market value is approximately 2.994 billion [5].