Star-Tech Development Under CSRC Investigation for Alleged Disclosure Violations in 2023 Semi-Annual Report

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Star-Tech Development has received a notice of investigation from the China Securities Regulatory Commission over alleged illegal information disclosure in its 2023 semi-annual report. The company stated that this investigation only concerns matters related to the 2023 semi-annual report and does not involve other years, and that its current operations are normal. Previously, the company's stock was placed under delisting risk warning starting April 30. If its 2026 financial indicators trigger relevant conditions, the stock will be delisted. The company expects a net loss attributable to shareholders of 25 million to 37.5 million yuan in the first half of 2026, narrowing the loss by 32.44% to 54.96% year-on-year.

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CSRC investigation for alleged disclosure violations in 2023 semi-annual report