ST Jin Hong: Stock experiencing abnormal fluctuations, potential restructuring outside the court, and uncertainty surrounding performance.

date
25/02/2026
ST JinHong announced that the company's stock had a cumulative deviation of 14.63% in the closing price on February 13, 24, and 25, 2026, for three consecutive trading days, which was considered abnormal fluctuations. The company disclosed a performance forecast on January 31, 2026, the data of which has not been audited, with final audited data from the annual report being the official figures. On February 9, creditors applied to the Hengyang Intermediate Court for the company's restructuring and pre-restructuring; on February 24, the court agreed for the liquidation team to assist the company in pre-restructuring outside of court. The company reminds that there is uncertainty regarding whether the restructuring will be accepted, whether it will enter the restructuring process later on, and the performance forecast may differ from the final audited results. Failure in the restructuring may lead to bankruptcy and delisting risks.