ST Jin Hongshun: Stock price anomaly, company unable to contact actual controller.
ST Hongshun Announcement: The company's stock has experienced abnormal fluctuations in trading with a cumulative increase of over 12% in the closing prices for the consecutive three trading days on June 15, 16, and 17, 2026. Upon self-examination, the company's operating conditions are currently normal. However, since mid-December 2025, the company has been unable to contact its actual controller, Liu Xu. As of the announcement date, the actual controller has not been able to repay the non-operating funds in the amount of 1.06 billion yuan; Huaxing Certified Public Accountants issued a negative opinion on the company's internal control audit report for the year 2025, and the company's stock has been subject to other risk warnings; The controlling shareholder Zhongde Technology's shares are all in a state of pledge/judicial marking/freeze, posing a risk of unstable control.
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