Group 1 - The Shenzhen Stock Exchange publicly reprimanded Ye Huane, the actual controller of Guangdong Baoliwa New Energy Co., Ltd., and the then chairman Ning Yuanxi for failing to disclose shareholding arrangements [1] - In January 2017, Ye Huane decided to transfer 111 million shares of Baoliwa Group's stake in Baonengyuan (approximately 5.11% of total shares) to Ning Yuanxi, who agreed to hold them on behalf of Ye [1] - Both parties did not report the shareholding arrangement to Baonengyuan, violating the Shenzhen Stock Exchange's disclosure regulations, which impacted the transparency of the company's shareholding structure and investors' right to know [1]