ST Xinhua Jin: incomplete rectification of fund occupation, risk still exists after stock suspension.

ST Xinhua Jin announced that if the company fails to complete the rectification within the specified period, the stock will be suspended from trading starting from February 26th for an estimated period not exceeding 2 months. As of the disclosure date of the announcement, Xinhua Jin Group and its affiliates have not yet returned any of the misappropriated funds, and a solution has not been determined. Lu Jin Group and Xinhua Jin Group have been declared bankrupt and reorganized, with financing plans in place but no definite investors identified, posing uncertainties regarding debt repayment. If the rectification is not completed during the suspension period, the company will be subject to delisting risk warning, and if the rectification is not completed within two months after resumption of trading, the listing will be terminated. Furthermore, the company and its controlling shareholders are under investigation for suspected violations of disclosure regulations.