Express Delivery Co., Ltd: received a warning letter from the Henan Securities Regulatory Bureau.

date
02/03/2026
Speed Stock Co., Ltd. announced that on March 2, 2026, the Henan Regulatory Bureau of China Securities Regulatory Commission issued a decision on the supervision and management measures of issuing warning letters to Zhengzhou Speed Industrial Machinery Service Co., Ltd. and related responsible personnel. After investigation, it was found that the company used idle funds raised for cash management, with the authorization from the shareholders' meeting valid until October 23, 2025. After the authorization expired, some of the cash management financial products were not redeemed, and the continuation of purchasing financial products without the approval of the board of directors was not disclosed. Chairman Li Xiyuan, General Manager Liu Runping, and CFO and Company Secretary Xie Lizhi bear the main responsibility for the above violations.