ST Xinya announced that the company has submitted an application to the Shenzhen Stock Exchange to cancel the stock transaction and implement other risk warnings. The company received the “Advance Notice of Administrative Penalties” issued by the Zhejiang Securities Regulatory Bureau of the China Securities Regulatory Commission on November 11, 2024. The total profit amount in the 2022 annual report inflated due to inaccurate preparation for bad debts due to inaccurate preparation of accounts receivable, and other risk warnings were implemented on the company's stock from November 13, 2024. The company has made adjustments and corrections to the financial data for the period in question, and 12 months have passed since the date the China Securities Regulatory Commission issued an administrative penalty decision. There are no other situations where the company has been subject to risk warnings. However, the company's stock trading application to withdraw other risk warnings still needs to be reviewed by the Shenzhen Stock Exchange, and there is still uncertainty about whether it will be approved.

ST Xinya announced that the company has submitted an application to the Shenzhen Stock Exchange to cancel the stock transaction and implement other risk warnings. The company received the “Advance Notice of Administrative Penalties” issued by the Zhejiang Securities Regulatory Bureau of the China Securities Regulatory Commission on November 11, 2024. The total profit amount in the 2022 annual report inflated due to inaccurate preparation for bad debts due to inaccurate preparation of accounts receivable, and other risk warnings were implemented on the company's stock from November 13, 2024. The company has made adjustments and corrections to the financial data for the period in question, and 12 months have passed since the date the China Securities Regulatory Commission issued an administrative penalty decision. There are no other situations where the company has been subject to risk warnings. However, the company's stock trading application to withdraw other risk warnings still needs to be reviewed by the Shenzhen Stock Exchange, and there is still uncertainty about whether it will be approved.