On the evening of November 10, 2024, * ST Hongyang, * ST Zhongli, ST Modern Avenue, * ST Bright Oceans Inter-Telecom Corporation and other four companies successively disclosed suspension announcements. The announcement indicated that the aforementioned four companies' controlling shareholders had non-operational massive fund occupancy and were ordered by the Securities Regulatory Bureau to rectify. The deadline for rectification will expire on November 10, 2024. Due to not completing all fund recovery work within the rectification period, the aforementioned four companies have initiated a regulated delisting process. The company's stocks will be suspended by the exchange starting on November 11, 2024, with the suspension period not exceeding 2 months. If the company completes rectification during the suspension period, it will resume trading without being subjected to delisting risk warnings or delisting. If the company fails to complete rectification during the suspension period, it will face delisting risk warnings or even delisting. (Securities Times)