*ST Cuihua is suspected of financial misstatements and may trigger mandatory delisting for major violations. The Liaoning Bureau of the China Securities Regulatory Commission reported on August 6 that a preliminary investigation has found suspected false records in some of Cuihua Jewelry's disclosed annual financial information, and the case is under investigation. The company had previously been placed on file by the CSRC twice, for suspected illegal information disclosure and failure to disclose periodic reports on time. This week, controlling shareholder and actual controller Chen Siwei, along with concert party Guo Yingjie, were also placed on file. The company has yet to disclose its 2025 annual report and 2026 first-quarter report. If these reports remain undisclosed within two months from the date the stock trading is subject to delisting risk warning, the Shenzhen Stock Exchange will decide to terminate listing. In addition, the company's total market capitalization at the close on August 6 was only 482 million yuan, already below the 500 million yuan listing threshold, exposing it to market-cap delisting risk. The Shenzhen Stock Exchange has issued a letter of concern, requiring the company to cooperate with supervision and fully disclose risks.
Shenyang Cuihua Gold and Silver Jewelry Co LtdSuspected financial misstatements and multiple regulatory investigations trigger delisting risks.
