Zhitong Finance App News, Yueling Co., Ltd. (002725.SZ) announced that the company and relevant personnel recently received the “Decision on Measures to Issue a Warning Letter against Jin Guanxing” and “Decision on Issuing Warning Letter Measures against Zhejiang Yueling Co., Ltd. and Chen Zhen” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission.

On October 21, 2022, the company disclosed the “Independent Director Nominee Statement”, item 35 of which “the nominee does not act as a director, supervisor, or senior manager in more than five companies at the same time”, and guarantees that the statement is true, accurate, and complete, without false records, misleading statements or material omissions. After investigation, there were more than five companies where independent director Jin Guanxing was simultaneously a director, supervisor, or senior manager. Yueling Co., Ltd. did not fully verify the relevant positions of independent directors, and the content of the “Independent Director Nominee Statement” announced to the outside world did not match the facts.