ST Yifei announced that its shares will have the other risk warning removed and resume trading starting August 13, with the stock abbreviation changed from ST Yifei to Yifei Laser. The company was placed under other risk warning from May 6, 2025, after its 2024 internal control audit issued an adverse opinion. Now, the 2025 internal control audit has received a standard unqualified opinion and the impact of the relevant matters has been eliminated. The Shanghai Stock Exchange approved the removal on August 11. The company also responded to the exchange's inquiry letter regarding the 2025 annual report, disclosing that previously misused raised funds have been rectified. Twenty-five million yuan was used to purchase energy storage systems, and the remaining principal and interest of 28 million yuan have been fully returned to the raised funds special account. It confirmed that only Henan Chuanzhong was a related party in the fund flows, and this did not constitute non-operating fund transactions. In addition, the company explained that the delay of two raised investment projects to October 2026 was mainly due to multiple design adjustments in the early stage. The projects are currently in the renovation phase and are expected to be completed by the end of December 2026.
YIFILASER ORD A (SHH) EQSW Exp:Risk warning removed and trading resumes, improving regulatory status.
