Group 1 - The company received an administrative regulatory measure decision from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission on September 19, 2025 [1] - Liu Qingsong, who holds more than 5% of the company's shares, failed to timely report and announce his shareholding reduction to a multiple of 5% on July 21, 2025, and did not legally cease trading [1]

Core Viewpoint - The company, Zhonglan Environmental Protection (300854.SZ), received an administrative regulatory measure from the Shenzhen Securities Regulatory Bureau regarding a warning letter issued to Liu Qingsong for failing to fulfill reporting and announcement obligations after reducing his shareholding to a multiple of 5% [1] Summary by Relevant Sections - Regulatory Action - The company was notified on September 19, 2025, about the regulatory measures taken against Liu Qingsong, who holds more than 5% of the company's shares [1] - Liu Qingsong's shareholding was reduced to a multiple of 5% on July 21, 2025, but he did not timely report or announce this change [1] - Additionally, Liu Qingsong did not legally cease trading after the reduction in shareholding [1]