ST Jin Gang: The company's stock will be subject to delisting risk warning.

date
30/04/2025
ST Jinguang announced that on April 29, 2025, the company received a "Notice of Administrative Penalty and Market Access Pre-notification" issued by the Liaoning Regulatory Bureau of the China Securities Regulatory Commission. The company has had falsified records in its annual reports from 2020 to 2023 for four consecutive years, which constitutes a major violation that could lead to mandatory delisting. Additionally, because the company's audited year-end net assets were negative in 2024, and the financial statements received an audit report from Zhongshen Huanyu Accounting Firm that was unable to express an opinion, it triggered a financial-related mandatory delisting situation, and the company's stock will be subject to delisting risk warning. The company's stock will be suspended from trading for one day starting from the market opening on April 30, 2025, and will resume trading from May 6. After resuming trading, the company's A-share stock abbreviation will be changed to *ST Jinguang, and the B-share stock abbreviation will be changed to *ST Jinguang B.