# regulatory scrutiny

Shanghai-listed Materials Firm Insists Chairman Played No Role in Robotics R&D Amid Regulatory Query

Shangwei New Materials said its chairman, Peng Zhihui, did not take part in the company’s R&D and that operational responsibility sits with joint CEO/CTO Zhou Bin, after receiving supervisory queries from Shanghai regulators. The company highlighted existing governance structures and pledged more cautious external communications given Peng’s concurrent role at a related robotics firm.