*ST Xintong: The company's stock may be suspended by the Shanghai Stock Exchange from November 11, 2024.

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On November 6th, Jinshi Data reported that *ST Xintong received a corrective measure from the Heilongjiang Securities Regulatory Bureau, which required the company to clear the 534 million yuan of funds that were occupied within six months and clear the balance of the funds occupied. As of now, the controlling shareholder of the company, Yiyang Group, and its affiliates have occupied 568 million yuan of the company’s funds for non-operating purposes, and there are also illegal guarantee cases involving a total of 560 million yuan of principal to be compensated. There is no clear and specific arrangement for the repayment of the non-operating fund occupation and the resolution of the illegal guarantee related matters mentioned above. The company is expected to have difficulty completing the rectification before the deadline. The company’s stock may be suspended by the Shanghai Stock Exchange from November 11, 2024, and the suspension period will not exceed two months.

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· 2024-11-06 11:46
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