On the evening of August 12, ST Zhuoran and ST Qingyue separately disclosed announcements warning that the companies may face mandatory delisting for major violations. ST Zhuoran may trigger mandatory delisting for major violations because some annual report financial information is suspected of false records. The company and its actual controller Zhang Jinhong have already been placed on file for investigation by the China Securities Regulatory Commission, and the audit report on its 2025 financial statements expressed a disclaimer of opinion. ST Qingyue has been placed on file for investigation over suspected false records in financial data such as periodic reports, and has already received a prior notice of administrative penalty. At the same time, its share price has been below 1 yuan for 10 consecutive trading days, facing the dual risk of mandatory delisting for major violations and trading-related mandatory delisting. Both companies said they will cooperate with regulatory work and fulfill their information disclosure obligations.
Shanghai Supezet Engineering Technology Corp LtdCompany faces mandatory delisting risk due to suspected false records in annual report, under CSRC investigation.
Suzhou QingYue Optoelectronics Technology Co. Ltd. ACompany faces mandatory delisting risk for suspected false records in periodic reports and received administrative penalty notice.
