Core Points - Airo Energy (688717) received a warning letter from the Zhejiang Securities Regulatory Bureau due to violations in fundraising management [1][2] - The company inaccurately disclosed the progress of certain fundraising projects, including the "Energy Storage Battery and Inverter Expansion Project," which is set to start generating revenue in December 2023, contrary to the reported date of June 2022 [1] - The company failed to timely disclose changes in the implementation location of the "Smart Energy R&D Center Construction Project," which was initially reported to be in Fuyang District but was actually implemented in Xihu District from the start [1] - Airo Energy did not disclose the pre-litigation preservation situation regarding its fundraising account, which was frozen for 3.32 million yuan in September 2024 and released in October 2024 [1] Regulatory Actions - The Zhejiang Securities Regulatory Bureau criticized Airo Energy's chairman, general manager, board secretary, and financial director for not fulfilling their responsibilities and urged the company to standardize the use of raised funds and fulfill information disclosure obligations [2] - Warning letters were issued to Airo Energy and its key executives, which will be recorded in the securities and futures market integrity archives [2]
艾罗能源收浙江证监局警示函