Zhewen Internet announced on December 31 that the company recently received the “Decision on Issuing Warning Letter Measures against Zhewen Internet Group Co., Ltd., Beijing Zhejiang Internet Catering Co., Ltd. and related personnel” issued by the Zhejiang Securities Regulatory Bureau. The company and the participating company Beijing Zhewen Internet Catering Co., Ltd. are related parties. According to investigations, from 2021 to 2024, Zhejiang Internet provided loans of 1,6032 million yuan, 3.663 million yuan, 2.194 million yuan, and 485 million yuan respectively to catering companies for daily start-up expenses such as equipment procurement, rental space, and payment of employees' wages. Other shareholders of participating companies did not provide capital in the same proportion. The company did not disclose the above loans as non-operating financial transactions with related parties in its 2021-2023 annual report. Tang Ying, then chairman of the company, Zhang Lei, then general manager, Zheng Huimei, financial director, and Wang Yingyi, director of the company, bear the main responsibility for these acts. The Zhejiang Securities Regulatory Bureau decided to take separate supervisory and administrative measures to issue warning letters and record them in the securities and futures market integrity file.

Zhewen Internet announced on December 31 that the company recently received the “Decision on Issuing Warning Letter Measures against Zhewen Internet Group Co., Ltd., Beijing Zhejiang Internet Catering Co., Ltd. and related personnel” issued by the Zhejiang Securities Regulatory Bureau. The company and the participating company Beijing Zhewen Internet Catering Co., Ltd. are related parties. According to investigations, from 2021 to 2024, Zhejiang Internet provided loans of 1,6032 million yuan, 3.663 million yuan, 2.194 million yuan, and 485 million yuan respectively to catering companies for daily start-up expenses such as equipment procurement, rental space, and payment of employees' wages. Other shareholders of participating companies did not provide capital in the same proportion. The company did not disclose the above loans as non-operating financial transactions with related parties in its 2021-2023 annual report. Tang Ying, then chairman of the company, Zhang Lei, then general manager, Zheng Huimei, financial director, and Wang Yingyi, director of the company, bear the main responsibility for these acts. The Zhejiang Securities Regulatory Bureau decided to take separate supervisory and administrative measures to issue warning letters and record them in the securities and futures market integrity file.