ST Jin Gang (600190.SH) stock may be forced to delist due to serious violations of laws.

The Zhitong Financial APP News, * ST Jingang (600190.SH) announced that the company is being investigated by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") for suspected violations of information disclosure. On April 29, 2025, the company received the "Administrative Penalty and Market Exclusion Advance Notice" (2025 No. 1) from the Liaoning Regulatory Bureau of the CSRC (hereinafter referred to as the "Advance Notice"), which found that the company's annual reports for 2022, 2023, and the first quarter of 2024 contained false information. Previously, the CSRC issued the "Administrative Penalty Decision" (Number 96 of 2024) on November 1, 2024 (referred to as the "Decision"), which determined that the company's annual reports from 2018 to 2021 contained false information. Based on the facts identified in the "Advance Notice" and the "Decision", the company's annual reports from 2020 to 2023 have been found to contain false information for four consecutive years, and it may face the risk of being forcibly delisted for serious violations of laws and regulations.