ST Mainland: Disclosure of continued implementation of other risk alert measures for stocks.
ST Meridian announced that the internal control audit reports for the fiscal years 2022 and 2023 were both issued with adverse opinions. The internal control audit report for 2024 was not disclosed in the financial report. The stock continued to be subject to other risk warnings by the Shanghai Stock Exchange on July 4, 2025. The company has established a rectification team to continuously carry out internal control rectification work, streamline financial accounting processes, add review steps, standardize financial data management, and approve transactions based on business nature and amount in a graded manner. The company will release indicative announcements and updates monthly to remind investors to pay attention to risks.
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