GCLET(SZ:002015) Xin Lang Cai Jing·2025-12-30 02:08Core Viewpoint - GCL-Poly Energy Holdings Limited (GCL-Poly) and its controlling shareholder Zhu Gongshan, along with six executives, have been criticized by the Shenzhen Stock Exchange for four major issues, including the non-operational fund occupation by the controlling shareholder [1][11]. Group 1: Violations and Issues - GCL-Poly engaged in non-operational fund occupation from June 2023 to October 2024 by prepaying funds under the guise of fuel procurement, which ultimately flowed to related parties under the same control, specifically Shanghai Guoneng Investment Co., Ltd. and Dacang Port GCL Power Co., Ltd. The funds have since been returned, but the company failed to fulfill the necessary review procedures and disclosure obligations [4][9][18]. - From March 2023 to March 2024, GCL-Poly procured photovoltaic components from related party GCL-Integrated Technology Co., Ltd. through two companies without timely review and disclosure, constituting a violation of relevant regulations [10][19]. - The company mismanaged raised funds beyond the authorized period without re-approval and disclosure, violating the regulations regarding the management and use of raised funds [10][19]. - GCL-Poly's special reports on the use of raised funds for the first half of 2022, the annual report for 2023, and the first half of 2024 contained inaccuracies, breaching disclosure regulations [10][19]. Group 2: Responsible Parties - The actual controller Zhu Gongshan led the non-operational fund occupation and evaded the review procedures and disclosure obligations, violating the disclosure management regulations [4][18]. - Chairman Zhu Yufeng, Vice Chairman and acting Secretary of the Board Fei Zhi, Secretary of the Board Yang Erli, former Financial Director Sheng Yixin, and Financial Director Peng Yi are held primarily responsible for the violations [10][19]. - Former Secretary of the Board Shen Qiang and former Financial Director Wang Shuhua are also deemed responsible for the mismanagement of raised funds [10][19].