*ST Changyao fell limit down in a single day, stock price hits more than 16-month low.*

ST Changyao's stock fell by the limit down of one character, closing at 2.76 yuan with over 650,000 hands blocked. The stock price hit a new low of over 16 months since July 3rd of last year. ST Changyao announced that on November 7, 2025, the company received a "Notice of Filing" from the China Securities Regulatory Commission, as the company is suspected of falsifying financial data in its periodic reports. The China Securities Regulatory Commission has decided to open a case against the company. If the subsequent facts confirmed in the administrative penalty touch on the situation of major illegal compulsory delisting, the company's shares will be subject to major illegal compulsory delisting.