Zhang Xiaoquan (301055.SZ) Controlling Shareholder Zhang Xiaoquan Group received a warning letter from the Zhejiang Securities Regulatory Bureau.

Zhixun Finance APP News, Zhang Xiaoquan (301055.SZ) announced that the company's controlling shareholder Hangzhou Zhang Xiaoquan Group Co., Ltd. ("Zhang Xiaoquan Group") has recently received the decision of the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on issuing a warning letter to Hangzhou Zhang Xiaoquan Group Co., Ltd. Hangzhou Zhang Xiaoquan Group Co., Ltd. reduced its holdings of Zhang Xiaoquan shares by 31.9563 million shares due to judicial auction, accounting for 42.05% of its holdings before the judicial auction. The above behavior violated the commitments made during the initial public offering of A shares of Zhang Xiaoquan and its listing on the Growth Enterprise Market regarding holding intentions and reduction intentions.