Zhitong Finance App News, Tianyu Information (300205.SZ) issued an announcement. The company disclosed the “Notice Concerning Major Litigation and Illegal Guarantees” on December 25, 2023. After verification, the company's lawsuit involved illegal guarantees due to Yan Chunyu, the actual controller of the company, using the official seal of the listed company without permission to sign a guarantee agreement in the name of the listed company. The company's board of directors and shareholders' meeting have not considered matters relating to external guarantees, and the company has not disclosed any announcements relating to external guarantees. As of the disclosure date of this announcement, the company's related illegal guarantee matters have not been lifted, and it may face the risk of assuming a large guarantee liability.

According to section 9.4 (5) of the “Shenzhen Stock Exchange GEM Stock Listing Rules”, “the company provides funds to the controlling shareholder or its affiliates or provides external guarantees in violation of the prescribed procedures and the situation is serious” and section 9.5 “'providing funds to the controlling shareholder or their affiliates or providing external guarantees in violation of the prescribed procedures and the situation is serious' means that the listed company has one of the following circumstances and has no viable solution or is not expected to be resolved within one month even though the listed company violates the procedures stipulated by the listed company: (2) Where the listed company violates the procedures stipulated by the listed company If the guarantee balance (excluding subsidiaries covered by the listed company's consolidated statements) is 10 million yuan or more, or accounts for at least 5% of the listed company's most recent audited net assets”, the company's stock transactions will be subject to other risk warnings.

Trading of the company's shares has been suspended for 1 day since the opening of the market on January 26, 2024, and will resume trading on January 29, 2024. The company's stock trading will be subject to other risk warnings starting from the opening of the market on January 29, 2024. The stock abbreviation will be changed from “Tianyu Information” to “ST Tianyu”; the stock code will remain unchanged and will remain at 20%.