The application for listing issued multiple violations, Great Wall Blender received a regulatory letter from the Shenzhen Stock Exchange.

The Shenzhen Stock Exchange issued a regulatory letter regarding Zhejiang Changcheng Mixing Equipment Co., Ltd. and related parties. On September 30, 2022, the Shenzhen Stock Exchange accepted the application of Zhejiang Changcheng Mixing Equipment Co., Ltd. for its initial public offering and listing on the GEM board. During the application process for the IPO, the issuer had the following violations: incomplete disclosure of revenue recognition criteria and related irregularities in internal controls; other irregularities include inadequate internal controls related to research and development, inconsistencies between information disclosure and actual situations, incomplete disclosure of the chairman's external investments, significant discrepancies in disclosed budget numbers for ongoing projects without reasonable explanations. The actual controlling shareholder, chairman Yu Peiqing, actual controlling shareholder, general manager, director Yu Shuyao, actual controlling shareholder, director Jin Youxiang, actual controlling shareholder, director Lu Yunguang, actual controlling shareholder, vice general manager, then director Chen Siqi, actual controlling shareholder, then director Jin Youfa, actual controlling shareholder, then director Shi Haibin, and finance director Shi Yuwen, failed to ensure the truthfulness, accuracy, and completeness of the prospectus and other disclosure documents, thus bearing significant responsibility for the issuer's violations, violating Article 26(1) of the Audit Rules. The Listing Review Center of the Shenzhen Stock Exchange has decided to impose written warnings as a self-regulatory measure on Changcheng Mixing, Yu Peiqing, Yu Shuyao, Jin Youxiang, Lu Yunguang, Chen Siqi, Jin Youfa, Shi Haibin, and Shi Yuwen.