ST Xinhuajin announced that the company and related personnel received the “Advance Notice of Administrative Penalties” issued by the Qingdao Securities Regulatory Bureau. From November 2021 to August 2025, the company had non-operating capital occupation by related parties, which was not promptly disclosed, and that there were major omissions and false records in the regular reports. The Qingdao Securities Regulatory Bureau plans to order the company to make corrections, give warnings, and fine 4.55 million yuan, and fine Zhang Jianhua and other relevant personnel ranging from 250,000 yuan to 6.1 million yuan. The company determined that this letter disclosure violation did not address the relevant warnings and delisting circumstances. The final results were based on the “Administrative Penalty Decision”.

ST Xinhuajin announced that the company and related personnel received the “Advance Notice of Administrative Penalties” issued by the Qingdao Securities Regulatory Bureau. From November 2021 to August 2025, the company had non-operating capital occupation by related parties, which was not promptly disclosed, and that there were major omissions and false records in the regular reports. The Qingdao Securities Regulatory Bureau plans to order the company to make corrections, give warnings, and fine 4.55 million yuan, and fine Zhang Jianhua and other relevant personnel ranging from 250,000 yuan to 6.1 million yuan. The company determined that this letter disclosure violation did not address the relevant warnings and delisting circumstances. The final results were based on the “Administrative Penalty Decision”.