ST Pawa announced that on May 6, 2025, the company's A-share shares were subject to other risk warnings due to negative opinions issued in the internal control report, and the warning was implemented on July 28 due to Zhang Bao's occupation of capital. Up to now, the company has completed management adjustments, sorted out the internal control system, and carried out personnel training and system revisions. Zhang Bao has taken up a total of 191 million yuan of the company's capital and has already returned 30 million yuan. Coercive measures have been taken in accordance with the law due to his alleged misappropriation of position, and related cases have been referred for prosecution.

ST Pawa announced that on May 6, 2025, the company's A-share shares were subject to other risk warnings due to negative opinions issued in the internal control report, and the warning was implemented on July 28 due to Zhang Bao's occupation of capital. Up to now, the company has completed management adjustments, sorted out the internal control system, and carried out personnel training and system revisions. Zhang Bao has taken up a total of 191 million yuan of the company's capital and has already returned 30 million yuan. Coercive measures have been taken in accordance with the law due to his alleged misappropriation of position, and related cases have been referred for prosecution.