知名上市公司实控人之一被立案侦查，8天前公司公告他占用资金1.9亿元

Core Viewpoint - ST Pava's actual controller and director Zhang Bao is under investigation for embezzlement, which has raised concerns about the company's governance and financial practices [1][8]. 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 [1]. - The company was listed on the Sci-Tech Innovation Board in September 2022 [1]. Recent Developments - On August 1, 2025, ST Pava received a notice from law enforcement regarding the investigation of Zhang Bao for alleged embezzlement [1]. - The company announced that other board members and senior management are continuing their duties normally, and there has been no change in control or operational status [1]. Financial Issues - In April 2023, ST Pava disclosed that its auditor issued a negative opinion on the internal controls of its 2024 financial report, leading to a risk warning and a change in stock abbreviation to ST Pava [1]. - The company identified management issues that resulted in overpayments to suppliers totaling 180 million yuan [1]. - Zhang Bao has committed to recovering the overpaid amount and will bear joint liability for the losses incurred [1]. Zhang Bao's Profile - Zhang Bao, aged 54, holds a PhD and has a long academic career at Central South University, where he has served in various roles since 1997 [2][4]. - He has been the general manager of ST Pava since September 2019 and became chairman in October 2022 [4]. - As of June 24, 2025, Zhang Bao is the second-largest shareholder, holding 16.56 million shares, which is 10.41% of the company [4]. Fund Misappropriation - On July 25, 2025, ST Pava reported that Zhang Bao had misappropriated 191 million yuan of company funds, including 49.91 million yuan in sales receivables [5][6]. - The company has received 30 million yuan back from Zhang Bao and is actively pursuing the recovery of the remaining funds [5][6].