Focused Photonics shareholders warned over disclosure failures

Focused Photonics Hangzhou's controlling shareholders Zhejiang Ruiyang Technology, Zhejiang Pudu Technology, and concerted parties Wang Jian and Yao Naxin received a warning letter from the Zhejiang Securities Regulatory Bureau.

The warning was issued for failing to timely disclose a 5% shareholding change that decreased from 25.74% to 24.95%, and for inaccurately consolidating Yao Naxin's holdings in 1% change disclosures.