Finance Association News on November 2 (Editor Fang Ping) According to Finance Association's incomplete statistics, as of the time of publication this week, including Tiantai Pharmaceutical, ST Jingang, Shenzhen CDL Precision Technology, J.S. Corrugating Machinery, *ST Ningke, Shenzhen ZQgame, and China Design Group, a total of 7 A-share listed companies have announced that the company or related parties have been filed, detailed information see the figure below:

▌Due to suspected violations of information disclosure and other illegal activities, 7 listed companies or related parties were filed this week, with the hot photovoltaic concept stock J.S. Corrugating Machinery on the list.

From the secondary market performance perspective, the stock prices of some listed companies reacted quite dramatically. The day after the announcement, *ST Ningke hit the limit down, and Shenzhen ZQgame fell by 17.4%.

ST Jingang, which mainly operates comprehensive port transportation services, announced on November 1 that the company and its shareholders Tibet Haihan Transport Development Co., Ltd. and Tibet Tiansheng Transport Development Investment Co., Ltd. received a "Notice of Filing" from the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations. The China Securities Regulatory Commission decided to file a case against the company and the aforementioned shareholders. ST Jingang also announced that due to suspected improper disclosure of important information, Mr. Ning Hongpeng, the company's vice president, was released on bail pending trial by the Jinzhou Public Security Bureau from November 2, 2024. In addition, the company recently received an "Administrative Penalty Decision" issued by the China Securities Regulatory Commission, which ordered the company to make corrections, issued a warning, and imposed an 8 million yuan fine; corresponding penalties were imposed on relevant parties. Earlier, on October 31, ST Jingang announced that the company's interim report for the first half of 2024 had been reviewed and approved by the board of directors and the board of supervisors and was disclosed on October 31, 2024. In accordance with relevant regulations, the company's stock resumed trading from November 1, 2024. In the secondary market, ST Jingang's stock price hit the limit up on the day of resumption. Looking back over time, ST Jingang has seen a maximum cumulative decline of 55% from its high point in January.

Shenzhen CDL Precision Technology, which focuses on consumer electronics functional devices and structural devices, announced on November 1 that the actual controller and chairman Wu Jiawei, the actual controller and director Chen Yichun, and the director and deputy general manager Chen Danhua received three "China Securities Regulatory Commission Notice of Filing" from the China Securities Regulatory Commission on November 1, 2024, for suspected violations of information disclosure laws and regulations. The China Securities Regulatory Commission decided to file cases against Wu Jiawei and Chen Yichun for suspected violations; and against Chen Danhua for alleged violation of restrictive provisions on transfer of company stocks. On April 19, the Shenzhen Securities Regulatory Bureau issued three decisions warning intermediary institutions, involving Yinxin Asset Appraisal Co., Ltd., ShineWing Certified Public Accountants LLP, and Leyou, in connection with Shenzhen CDL Precision Technology. The three intermediary institutions and 9 business personnel were cautioned, all related to Shenzhen CDL Precision Technology. Leyou and ShineWing were both found to have performed below standards in their annual audits, while Yinxin Asset Appraisal had issues in goodwill and asset valuation in the asset group. Last May, Shenzhen CDL Precision Technology was queried by the Shenzhen Stock Exchange for provisions for impairment of goodwill related to the acquisition of ARTS. In November last year, due to multiple accounting and internal control issues, it was subject to regulatory measures requiring rectification by the Shenzhen Securities Regulatory Bureau. In the secondary market, Shenzhen CDL Precision Technology has seen a cumulative maximum increase of 196% since its low point in February.

PV concept stock J.S. Corrugating Machinery announced on November 1 that the company received a "Notice of Filing" from the China Securities Regulatory Commission due to the overstating of profits by its controlling subsidiary Shenzhen Huidacheng Intelligent Technology Co., Ltd., resulting in the company being suspected of violating information disclosure laws and regulations. The China Securities Regulatory Commission decided to file a case against the company. The company has corrected accounting errors in its related annual financial statements and conducted retrospective adjustments, and has engaged an accounting firm to provide relevant audit reports. This investigation will not have a significant adverse impact on the company's production, operation, and management. J.S. Corrugating Machinery stated that the accounting error adjustment is a retrospective adjustment of the historical financial situation of Huidacheng, which does not affect the company's main business in photovoltaic equipment and packaging equipment, as the company disclosed the Third Quarter Report of 2024 on October 26, 2024. Currently, the company's various production and operational activities are being carried out normally, and the operation is stable and orderly. In terms of performance, J.S. Corrugating Machinery achieved a net income of 0.433 billion yuan in the first three quarters of the year, a year-on-year increase of 45.08%. In the secondary market, J.S. Corrugating Machinery's stock price hit the limit down on Friday. Looking back over time, J.S. Corrugating Machinery has seen a maximum cumulative increase of 78.36% since its low point in August.

Mobile game concept stock Shenzhen ZQgame announced on October 29 that the actual controller Li Ruijie received a "Notice of Filing" from the China Securities Regulatory Commission, and the China Securities Regulatory Commission decided to file a case against Li Ruijie for suspected violations of information disclosure laws and regulations. The reasons for this filing are the same as the previous investigation of Zhang Yunxia, and there are no new allegations of violations. Currently, all of the company's production and operational activities are being carried out normally. Previously, on August 9, Shenzhen ZQgame announced that the company and Zhang Yunxia were filed by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations. According to Shenzhen ZQgame's third quarter report, Li Ruijie and Zhang Yunxia are husband and wife. In the secondary market, Shenzhen ZQgame's stock price fell by 17.4% the day after the announcement of the actual controller receiving the filing notice. Looking back over time, Shenzhen ZQgame has seen a cumulative maximum increase of 183% since its low point in August.