ST Cuihua announced that its controlling shareholder and actual controller Chen Siwei, along with Guo Yingjie, a concert party of Shenzhen Cuiyi Investment Co., Ltd., a shareholder holding more than 5% of the shares, have been placed under investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. The company stated that both individuals will actively cooperate with the investigation and fulfill their information disclosure obligations. Since the beginning of this year, ST Cuihua has been subject to intensive regulatory investigations, having previously been placed under investigation in February and May for suspected information disclosure violations and failure to disclose periodic reports as required. The company has not yet disclosed its 2025 annual report, has been subject to a delisting risk warning, and faces multiple risks including regulatory, major illegal, and trading-related market value delisting. As of the close on August 4, its total market value had fallen below 500 million yuan.
Shenyang Cuihua Gold and Silver Jewelry Co LtdCSRC investigation for information disclosure violations, delisting risk
Concert party under CSRC investigation for information disclosure violations