ST Jingang: Company's stocks may face major illegal forced delisting

ST JINGANG Announcement: The company received a "Notice of Administrative Penalty and Market Entry Prohibition" from the China Securities Regulatory Commission on April 29, 2025, indicating that the company has violated major laws and is subject to mandatory delisting. The company's stock has been subject to a major violation risk warning since May 6, 2025. Due to previous litigation cases, some of the company's accounts have been frozen, and some financial institutions have downgraded the company's credit rating and classification. If the rating and credit classification continue to be downgraded or debt defaults worsen, it may lead to a contraction in bank credit, increased liquidity risk, and ultimately affect daily production and operation. The company's stock price has recently fluctuated significantly, deviating significantly from the fundamentals, accumulating significant trading risks. Investors are advised to invest rationally.