Zhitong Finance App News, Titan Co., Ltd. (003036.SZ) issued an announcement. The company recently received the “Decision on Issuing Warning Letter Measures against Zhejiang Titan Co., Ltd. and related personnel” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. During the on-site inspection, the Zhejiang Securities Regulatory Bureau discovered the following problems in the management and use of the company's raised funds: First, the replacement of funds raised did not follow the review procedure and disclosure in accordance with regulations; Second, some of the funds raised were not used for specified purposes and were not disclosed.

Zhitong Finance App News, Titan Co., Ltd. (003036.SZ) issued an announcement. The company recently received the “Decision on Issuing Warning Letter Measures against Zhejiang Titan Co., Ltd. and related personnel” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. During the on-site inspection, the Zhejiang Securities Regulatory Bureau discovered the following problems in the management and use of the company's raised funds: First, the replacement of funds raised did not follow the review procedure and disclosure in accordance with regulations; Second, some of the funds raised were not used for specified purposes and were not disclosed.