ST帕瓦因涉嫌信息披露违法违规被立案调查，公司实控人之一被逮捕

Core Viewpoint - ST Pava is under investigation for violations related to information disclosure, with one of its actual controllers arrested for embezzlement [2][4]. Group 1: Investigation and Legal Issues - On September 7, ST Pava announced it received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation for information disclosure violations [2]. - The company also disclosed that on August 1, it received a decision from the public security bureau regarding the investigation of its actual controller and director, Zhang Bao, for embezzlement, who has since been arrested [4]. Group 2: Previous Warnings and Internal Control Issues - In March 2023, ST Pava received a warning letter from the Zhejiang Securities Regulatory Bureau for issues including inflated revenue and improper management of seals, leading to inaccurate disclosures in multiple financial reports [5]. - The company announced corrections to previous accounting errors, which would affect its financial data and disclosures for several reporting periods [7]. Group 3: Company Performance and Stock Information - ST Pava reported a revenue of 239 million yuan for the first half of 2025, a year-on-year decline of 58.99%, with a net loss attributable to shareholders of 158 million yuan, an increase of 52.61% compared to the previous year [11]. - Since its listing in September 2022, ST Pava's stock price has significantly declined from a peak of 45.92 yuan per share to 10.83 yuan per share as of September 5, 2025, resulting in a market capitalization of 1.722 billion yuan [11].