*ST Fucheng has received a warning letter from the Hebei Securities Regulatory Bureau due to inaccurate disclosures in its 2025 annual report regarding the amounts of significant matters and the total number of shareholders. According to the company's earlier correction announcement, the cumulative payments received by Hehui Fund from Qianjiang Cemetery and Zhou Xiaoming were corrected from 237 million yuan to 274 million yuan, a difference of 37 million yuan. The total number of ordinary shareholders as of the end of the month prior to the annual report disclosure date was corrected from 27,850 to 28,847. This marks the third time in recent years that the company has been issued a warning letter by regulators for annual report information disclosure issues, with the most recent penalty in March this year for failing to fully disclose related parties and related transactions in its 2024 annual report. In addition, the company's 2025 annual report was issued a disclaimer of opinion audit report by its auditor, Shenzhen Hongyi Certified Public Accountants, which also issued an adverse opinion on internal controls. This led to the stock being placed under delisting risk warning and additional other risk warnings. In the process of responding to the Shanghai Stock Exchange's inquiry letter, further divergences between the company and the auditor surfaced on multiple major financial issues, including the authenticity of sales, inventory, and productive biological assets.
Fortune Ng Fung Food Hebei Co LtdCompany received warning letter for inaccurate annual report disclosures, third such penalty; also received adverse audit opinions, leading to delisting risk warnings.