WILLING CORP.'s controlling shareholder received a warning letter from the Hunan Regulatory Bureau of the China Securities Regulatory Commission
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WILLING CORP.'s controlling shareholder, Shanghai Lingyi New Materials Co., Ltd., recently received a warning letter from the Hunan Regulatory Bureau of the China Securities Regulatory Commission. Due to its shareholding ratio decreasing from 23.93% to 17.54% between November 4, 2022, and August 14, 2024, without timely reporting and announcement as required, it violated relevant securities laws. The Hunan Regulatory Bureau decided to take administrative regulatory measures by issuing a warning letter and recording it in the integrity file
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