ST Dongtong: The company's stock may be delisted due to significant violations of the law.
ST Dongtong's evening announcement, the company is suspected of false record in financial data such as periodic reports, and has been filed by the China Securities Regulatory Commission. According to the facts determined in the "Notice", the company's reports from 2019 to 2022 contain false records, and the company's issuance of stocks to specific entities in 2022 constitutes fraudulent issuance. The company may be subject to the circumstances of major illegal delisting stipulated in Article 10.5.1 and Article 10.5.2 of the Shenzhen Stock Exchange's Growth Enterprise Market Listing Rules, and may face major illegal mandatory delisting.
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