韶能股份：因权益变动未停止交易等，广东证监局对第二大股东出具警示函

Core Viewpoint - Shenzhen Zhaowei Hengfa Energy Co., Ltd., the second-largest shareholder of Shaoneng Co., received a warning letter from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission for failing to disclose equity changes in a timely manner and continuing to trade despite the changes [1] Summary by Sections - Equity Changes - On November 10, 2025, Shenzhen Zhaowei Hengfa Energy Co., Ltd. reduced its holdings in Shaoneng Co. by 14.4 million shares through block trading, resulting in a 1.35% decrease in equity, bringing its shareholding below 10% [1] - On November 11, 2025, the company further reduced its holdings by 4.05 million shares, leading to a 0.38% decrease in equity, which brought its shareholding below 9% [1] - Regulatory Action - The Guangdong Regulatory Bureau decided to issue a warning letter to Shenzhen Zhaowei Hengfa Energy Co., Ltd. as an administrative regulatory measure, which will be recorded in the integrity file of the securities and futures market [1]