Weico Technology Discloses Regulatory Actions Over Past 5 Years; Previously Received 5 Regulatory Measures Due to Information Disclosure and Trading Procedure Issues

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2026-03-21 02:48:21

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Vico Technology Co., Ltd. (Stock Code: 600152, Stock Abbreviation: Vico Technology) recently issued an announcement disclosing the company’s regulatory penalties, measures, and rectification efforts over the past five years by securities regulatory authorities and stock exchanges. The announcement shows that the company has not been penalized by securities regulators or stock exchanges in the past five years, but has received one regulatory concern letter from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission (CSRC), two warning letters, and one regulatory warning and one disciplinary action from the Shanghai Stock Exchange, totaling five regulatory measures.

The announcement states that since listing, the company has strictly operated in accordance with relevant laws, regulations, and the company’s articles of association. Due to plans to apply for a targeted stock issuance, relevant information has been disclosed in accordance with regulations.

According to the announcement, the five regulatory measures involve issues such as insufficient real estate auction bidding, improper related-party transaction procedures, inaccurate disclosure of annual report information and performance commitments, inadequate basis for bad debt provision for accounts receivable, poor implementation of customer credit risk management systems, and failure to review and disclose major transactions in a timely manner. The company has responded to these issues by strengthening legal and regulatory learning, improving internal control systems, supplementing review procedures, and making impairment provisions.

Below are the specific details of the regulatory measures received by Vico Technology over the past five years:

Date	Issuing Authority	Measure Type	Main Issues
October 2021	Ningbo Regulatory Bureau of CSRC	Regulatory Concern Letter	Insufficient real estate auction bidding, improper related-party transaction procedures
October 2021	Ningbo Regulatory Bureau of CSRC	Warning Letter	Inaccurate disclosure of annual report information and performance commitments, inadequate bad debt provision basis
January 2022	Shanghai Stock Exchange	Regulatory Warning	Related to violations involved in the October 2021 warning letter
March 2024	Ningbo Regulatory Bureau of CSRC	Warning Letter	Major transactions not reviewed and disclosed in a timely manner
March 2024	Shanghai Stock Exchange	Disciplinary Action (Public Criticism)	Major transactions not reviewed and disclosed in a timely manner

The company states that it will continue to strengthen legal and regulatory learning, strictly implement relevant systems and standards, and effectively improve the quality of information disclosure and operational compliance. Apart from the above situations, the company has not had any other regulatory measures taken by securities regulators or stock exchanges in the past five years.

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Editor: Xiao Lang Kuai Bao

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