ST Zhuoran announced that it has been placed under investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. Preliminary findings indicate that some of the annual financial information disclosed by the company is suspected of containing false records, which may trigger mandatory delisting for major violations. If the facts later confirmed by the China Securities Regulatory Commission's administrative penalty meet the criteria for mandatory delisting due to major violations, the company's shares will be subject to mandatory delisting for major violations. As of the date of the announcement, the China Securities Regulatory Commission's investigation is still ongoing. Previously, because the company's 2025 annual report was rejected by all three independent directors and not submitted to the board of directors for review, the annual report disclosure was overdue, and the stock has been under delisting risk warning since July 7, 2026. As of the close on August 19, ST Zhuoran traded at 1.98 yuan per share, with a total market value of 460 million yuan.
Shanghai Supezet Engineering Technology Corp LtdCompany under CSRC investigation for suspected false financial records, may face mandatory delisting.
