ST Lingnan announced that as of September 21, 2026, the company's closing share price had been below 1 yuan for eleven consecutive trading days, creating a risk of delisting because the stock price is below par value. This is the third time the company has issued a delisting risk warning. If the closing price remains below 1 yuan for 20 consecutive trading days, the company's shares will be delisted and will not enter a delisting consolidation period. Previously, on September 18, 2026, ST Lingnan and relevant parties received an administrative penalty decision from the Guangdong Securities Regulatory Bureau. The company failed to disclose fund occupation matters as required, causing material omissions in its 2021 annual report, and fabricated seedling procurement business to conceal the fund occupation, resulting in false records in the 2021 annual report. It also failed to promptly disclose that it was under investigation for suspected crimes and that a then-director had been subjected to compulsory measures. The Guangdong Securities Regulatory Bureau ordered the company to rectify the issues and imposed a fine of 8 million yuan, and separately imposed fines and market ban measures on responsible persons Yin Hongwei, Liu Yuping, He Shifeng, and Chen Jianbo. The company said it will continue to monitor developments, strictly fulfill information disclosure obligations, and strengthen internal governance standards.
Lingnan Landscape Co LtdST Lingnan faces delisting risk after 11 straight days below 1 yuan and was fined 8 million yuan by the Guangdong Securities Regulatory Bureau for disclosure violations and fabricated business records.
