ST Chenming: Company and relevant responsible individuals receive warning letter due to violation of disclosure regulations related to affiliated loans.

date
05/06/2026
ST Chenming announced that on June 5, 2026, the company received an administrative supervision measure decision letter issued by the Shandong Securities Regulatory Bureau. From 2019 to 2024, the company borrowed from 5 related parties without going through the necessary approval procedures, did not disclose in a timely manner, and did not disclose in relevant periodic reports. The company's then chairman, Chen Hongguo, and 6 other relevant personnel are responsible for the violations. The Shandong Securities Regulatory Bureau has decided to issue a warning letter to the company and the relevant responsible persons and record it in the integrity file database. The company has settled the related businesses, will improve its management system, strengthen regulatory compliance learning, and prevent such problems from happening again.