*ST Gaoke announced that Cao Long, one of the company's de facto controllers and chairman, and He Yifan, another de facto controller and director, have been placed under criminal investigation by the public security bureau for suspected misappropriation of funds. The company stated that it has established a sound governance structure and internal control mechanisms, and that production and operations are currently proceeding normally, with the matter not expected to have a material impact on day-to-day operations. A day earlier, the company issued an earnings forecast, projecting a net loss attributable to owners of the parent of between 8.03 million yuan and 9.63 million yuan for the first half of 2026, and a net loss after deducting non-recurring items of between 8.08 million yuan and 11.71 million yuan. On July 14, *ST Gaoke closed at 10.05 yuan per share, up 4.8 percent. In May this year, the company received an inquiry letter from the Shanghai Stock Exchange, asking it to explain whether matters related to its external investments and share price fluctuations involved maintaining the share price or chasing hot topics.
