688184，共同控制人被立案侦查

Core Viewpoint - ST Pava is facing significant governance and financial challenges due to the investigation of its co-controller and director, Zhang Bao, for alleged embezzlement, which has led to a risk warning on its stock and concerns over its internal controls [1][2][3]. Company Overview - ST Pava, established in July 2014, specializes in the production, research, and sales of lithium-ion battery ternary cathode material precursors for electric vehicles. The company was listed on the Sci-Tech Innovation Board in September 2022 [2]. Financial and Operational Issues - The company has been flagged for internal control deficiencies, leading to a negative audit opinion from Tianjian Accounting Firm regarding its 2024 financial report. This has resulted in a risk warning for its A-share stock, changing its name to ST Pava [2]. - ST Pava reported overpayment to suppliers totaling 180 million yuan due to management issues, with Zhang Bao committing to recover this amount and assume joint liability for the losses [2]. - Zhang Bao has allegedly occupied company funds amounting to 191 million yuan, with a breakdown of 74.03 million yuan for 2022, 85.39 million yuan for 2023, and 31.92 million yuan for 2024, plus interest of 912,500 yuan, primarily for personal consumption and investments [3]. Management Changes - On May 21, ST Pava announced a change in its board and executive team, with Zhang Bao resigning due to health reasons. Wang Baoliang, a former chairman, has taken over as chairman and general manager [4]. - The new management has initiated a "stop-loss and efficiency enhancement" plan, focusing on strengthening internal governance, streamlining operations, shutting down inefficient production lines, and enhancing asset utilization to achieve profitability by 2025 [4].