ST Notch announced that the company was publicly denounced by the Shanghai Stock Exchange due to false records in the 2021 annual report and the preparation of major false content in public release documents. The actual controllers Zhao Dezhong and Zhao Deyi, then-chairman and general manager Tong Ziquan, then-director and general manager Jin Fuqiang, then-deputy general manager Gu Haitao, and then-financial director Xu Donghai were publicly criticized. Zhao Dezhong was determined to be unfit to serve as a director, supervisor, or senior manager of a listed company for three years. The company and those responsible have taken disciplinary action.

ST Notch announced that the company was publicly denounced by the Shanghai Stock Exchange due to false records in the 2021 annual report and the preparation of major false content in public release documents. The actual controllers Zhao Dezhong and Zhao Deyi, then-chairman and general manager Tong Ziquan, then-director and general manager Jin Fuqiang, then-deputy general manager Gu Haitao, and then-financial director Xu Donghai were publicly criticized. Zhao Dezhong was determined to be unfit to serve as a director, supervisor, or senior manager of a listed company for three years. The company and those responsible have taken disciplinary action.