Zhejiang Power New Energy (SH:688184) Xin Lang Cai Jing·2025-12-16 08:04Group 1 - The investor compensation case has been filed by the Shanghai Huzhi Law Firm, representing investors against ST Pava due to alleged violations of information disclosure laws [1] - On September 7, ST Pava announced that it and its director Zhang Bao received a notice of investigation from the China Securities Regulatory Commission (CSRC) on September 5, 2025, related to serious issues including the misappropriation of company funds by the former actual controller Zhang Bao, who has been arrested [1] - If it is confirmed that the controlling shareholder engaged in fund misappropriation, it would constitute false statements in securities, allowing affected investors to file civil lawsuits for compensation [1] Group 2 - The company is likely facing legal action due to fund misappropriation and inaccurate financial disclosures [1] - On March 25, 2025, the company received a warning letter from the Zhejiang Securities Regulatory Bureau, which pointed out issues such as inflated operating income, insufficient inventory impairment provisions, inflated construction in progress, and improper management of seals, leading to inaccurate disclosures in the 2023 annual report and subsequent quarterly reports [1]