Core Viewpoint - Jiangsu Hengshang Energy Saving Technology Co., Ltd. received a warning letter from the Jiangsu Securities Regulatory Bureau due to violations related to the disclosure of fundraising project feasibility and market demand changes [1][2]. Group 1: Violations and Regulatory Actions - The company failed to reassess the feasibility of the "Jiangmen Intelligent Curtain Wall Production Base Construction Project" in light of significant market changes in South China, leading to insufficient and untimely risk disclosures [1]. - The actions of the company's general manager and board secretary were deemed to lack due diligence, resulting in their primary responsibility for the violations [1]. - The warning letter serves as an administrative regulatory measure and will be recorded in the securities and futures market integrity archive [1]. Group 2: Company Response and Future Actions - The company acknowledges the issues raised in the warning letter and plans to summarize the related problems, learn from the experience, and enhance training on relevant regulations [3]. - The company emphasizes that the regulatory measures will not affect its normal production and operations, and it will comply with disclosure obligations in a timely manner [3].

Core Points - Liansheng Chemical (301212.SZ) received a warning letter from the Zhejiang Securities Regulatory Bureau due to violations related to the management and use of raised funds [1][2] - The company was found to have purchased financial products with idle raised funds before the authorization period and exceeded the authorized amount [1] - The special reports on the use of raised funds for the first half of 2023, the full year of 2023, the first half of 2024, and the full year of 2024 contained inaccurate disclosures regarding the purchase of large time deposits [1] Regulatory Violations - The company's actions violated the "Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies" and the "Administrative Measures for Information Disclosure of Listed Companies" [2] - Key executives, including the chairman, general manager, former financial director, and board secretary, were held primarily responsible for the violations [2] - The Zhejiang Securities Regulatory Bureau decided to issue warning letters to the company and the related personnel, which will be recorded in the integrity archives of the securities and futures market [2]