One of the actual controllers and director of ST Power New Energy, Zhang Bao, is suspected of embezzlement and has been placed under investigation by the public security authorities
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According to the Zhitong Finance APP, ST Power New Energy announced that on August 1, 2025, the company received a "Case Decision Letter" issued by the public security authority. One of the company's actual controllers and directors, Zhang Bao, is suspected of embezzlement and is under investigation by the public security authority
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