ST Mubang (603398.SH) actual controller Liao Zhiyuan received a "Notice of Case Filing" from the China Securities Regulatory Commission.

Wisdom Financial APP News, *ST Mu Bang (603398.SH) issued an announcement. Mr. Liao Zhiyuan, the actual controller of the company, received a "Notice of Filing" (No. 0252025005) from the China Securities Regulatory Commission (referred to as the "CSRC") on September 29, 2025. Due to allegations that Mr. Liao Zhiyuan failed to disclose non-operating fund transactions in accordance with regulations, the CSRC has decided to file a case against Mr. Liao Zhiyuan in accordance with the laws and regulations of the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China.