Jilin Sino-Microelectronics (600360.SH) controlling shareholder and its related parties non-operating occupation of 1.491 billion yuan or may be subject to the implementation of delisting risk warning.

Jilin Sino-Microelectronics (600360.SH) announced that on February 12, 2025, the company received a decision from the Jilin Regulatory Bureau of the China Securities Regulatory Commission on the "Decision on Taking Corrective Measures against Jilin Huawei Microelectronics Co., Ltd. and Shanghai Pengsheng Technology Industry Co., Ltd." The controlling shareholder of Jilin Sino-Microelectronics, Shanghai Pengsheng Technology Industry Co., Ltd. (referred to as Shanghai Pengsheng) and its related parties had non-operational funds occupied in the amount of 1.491 billion RMB. According to the "Stock Listing Rules of the Shanghai Stock Exchange" (revised in April 2024), if the company fails to recover the occupied funds of 1.491 billion RMB within 6 months as required by the corrective action, the Shanghai Stock Exchange will suspend trading of the company's stock. If the corrective action is not completed within two months after the suspension, the Shanghai Stock Exchange will implement a delisting risk warning for the company's stock. If the corrective action is still not completed within the following two months, the Shanghai Stock Exchange will decide to terminate the company's stock listing.