19, Suzhou Solid Technetium announced that. Suzhou Tongbo Electronic Equipment Co., Ltd. (hereinafter referred to as "Suzhou Tongbo" ), the controlling shareholder of the company , and Wu Nianbo, the actual controller, received the decision on administrative supervision measures from Jiangsu Regulatory Bureau of China Securities Regulatory Commission. The cause of
the incident was that during the period from November 2006 to July 2019, Suzhou Tongbo , the controlling shareholder of Suzhou Solid Technetium, had shareholders'entrusted shareholding . Suzhou Tongbo and its actual controller Wu Nianbo failed to inform Suzhou Solid Technetium of the relevant situation in a timely manner, resulting in Suzhou Solid Technetium in the Prospectus for Initial Public Offering of Stocks, the periodic report from November 2006 to July 2019 and the equity change report disclosed by Suzhou Tongbo's reduction of holdings. Failing to fully disclose the aforesaid entrusted shareholding ; and failing to inform the listed company in time and cooperate to perform the obligation of information disclosure when the entrustment agreement is terminated. The actions of
Suzhou Tongbo and Wu Nianbo violated the Measures for the Management of Information Disclosure of Listed Companies. According to the Regulations on the Management of Information Disclosure of Listed Companies, Jiangsu Regulatory Bureau decided to take administrative supervision measures to issue warning letters to Tongbo and Wu Nianbo in Suzhou and record them in the integrity files of the securities and futures market.