ST Xinhuajin announced that the company and related personnel received the “Administrative Penalty Decision” and “Administrative Supervision Measures Decision” issued by the Qingdao Securities Regulatory Bureau. After investigation, from November 2021 to August 2025, the company had non-operating capital occupation by related parties, untimely disclosure, major omissions in multiple periodic reports, and false records in periodic reports such as the 2023 semi-annual report. The Qingdao Securities Regulatory Bureau ordered the company to make corrections, issued a warning, and imposed a fine of 4.55 million yuan; the actual controller Zhang Jianhua and a number of other responsible persons were given warnings and fines ranging from 250,000 yuan to 6.1 million yuan, respectively. At the same time, the company was ordered to correct the relevant periodic report and submit the rectification report within 30 working days. This illegal violation did not touch on the major illegal and forced delisting situation. Currently, the company's production and operation are normal.

ST Xinhuajin announced that the company and related personnel received the “Administrative Penalty Decision” and “Administrative Supervision Measures Decision” issued by the Qingdao Securities Regulatory Bureau. After investigation, from November 2021 to August 2025, the company had non-operating capital occupation by related parties, untimely disclosure, major omissions in multiple periodic reports, and false records in periodic reports such as the 2023 semi-annual report. The Qingdao Securities Regulatory Bureau ordered the company to make corrections, issued a warning, and fined 4.55 million yuan; the actual controller Zhang Jianhua and a number of other responsible persons were given warnings and fines ranging from 250,000 yuan to 6.1 million yuan, respectively. At the same time, the company was ordered to correct the relevant periodic report and submit the rectification report within 30 working days. This illegal violation did not touch on the major illegal and forced delisting situation. Currently, the company's production and operation are normal.