"Sunyes Manufacturing (002388.SZ) stock ticker will be changed to 'ST XinYa' and will be suspended for one day on November 12th."

Sunyes Manufacturing (002388.SZ) announced that on November 11, 2024, the company received a "Notice of Administrative Penalty Notification" (Zhejiang Penalty Letter [2024] No. 27) from the China Securities Regulatory Commission Zhejiang Securities Regulatory Bureau. According to the content specified in the "Notice of Administrative Penalty Notification", due to the company's failure to properly measure the expected credit loss of accounts receivable from Shenzhen Xinzhong Educational System Integration Co., Ltd., there was a situation of inaccurate provision for bad debts of accounts receivable, leading to an inflated total profit in the 2022 annual report. In accordance with the provisions of Article 9.8.1 (8) of the Shenzhen Stock Exchange Stock Listing Rules (Revised in 2024), the company's stock trading will be subject to other risk alerts. The company's stock will be suspended from trading for one day starting from November 12, 2024, and will resume trading on November 13, 2024. From November 13, 2024, the company's stock will be subject to other risk alerts, and the stock abbreviation will be changed from "Sunyes Manufacturing" to "ST Xin Ya", with the security code still being "002388", and the daily trading limit for the stock will be 5%.