Core Viewpoint - *ST Zitian is entering a delisting adjustment period due to serious financial misconduct, with the last trading date expected to be October 13, 2025 [1][4]. Group 1: Delisting Process - *ST Zitian will change its stock name to "Zitian Tui" during the delisting adjustment period, which lasts for 15 trading days [4]. - The first trading day of the adjustment period will not have price limits, while subsequent days will have a 20% price fluctuation limit [4]. - The Shenzhen Stock Exchange decided to terminate the company's stock listing due to failure to rectify false financial reports within the required timeframe [4]. Group 2: Financial Misconduct - The China Securities Regulatory Commission (CSRC) found that *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years (2022-2023) through various fraudulent means [5]. - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which constituted 44.59% and 35.99% of the total revenue and profit, respectively [5]. - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit accounting for 51.64% of the total profit for that period [5]. - In the 2023 annual report, the company misclassified revenue from its subsidiary, leading to an inflated revenue of 1.721 billion yuan, which represented 78.63% of the total revenue for that period [5]. Group 3: Regulatory Actions - In addition to financial fraud, *ST Zitian failed to disclose its 2024 annual report on time and obstructed law enforcement, resulting in a total fine of 38.4 million yuan for the company and 12 management personnel [6]. - The company's stock was suspended from trading on July 21, with a closing price of 2.74 yuan per share and a total market value of 440 million yuan prior to suspension [6].

Core Viewpoint - The company *ST Hengjiu has elected Liu Rong as the chairman of the sixth board of directors, effective immediately, replacing Lan Shanying as the legal representative and chairman [1] Group 1 - The sixth board of directors' eleventh meeting approved the election of Liu Rong as the chairman [1] - Liu Rong's term will last until the end of the sixth board's term [1] - Lan Shanying will no longer serve as the legal representative and chairman from the date of this announcement [1] Group 2 - The chairman serves as the legal representative of the company according to the company's articles of association [1] - The board has authorized the management to designate personnel to handle the relevant business registration procedures [1]

Group 1 - The article provides a list of Hong Kong listed companies along with their upcoming shareholder meeting dates and earnings announcement dates [1][2][3] - Companies mentioned include Jiangnan Buyi, Zhongguancun Technology Leasing, Huatai Ruilin, and many others, indicating a diverse range of sectors represented [3][4] - Dividend distribution dates are highlighted for several companies, such as Beijing Waterworks Group and Evergrande Group, which may attract investor interest [3][4] Group 2 - The document outlines specific companies that will have their earnings announced or shareholder meetings scheduled, which is crucial for investors tracking performance [3][4] - The inclusion of dividend payment dates for companies like NetEase and Hong Kong Electric indicates potential income opportunities for shareholders [3][4] - The information serves as a resource for investors to plan their investment strategies based on upcoming corporate events [1][2][3]

Core Viewpoint - *ST Zitian has been delisted due to serious financial fraud and failure to rectify false disclosures in its periodic reports [2][4][10] Group 1: Delisting Announcement - On September 5, *ST Zitian announced that it received a decision from the Shenzhen Stock Exchange to terminate its stock listing [4] - The stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, with the expected last trading date on October 13 [4][8] Group 2: Regulatory Actions - On May 20, *ST Zitian was ordered by the China Securities Regulatory Commission (CSRC) to rectify its financial reports due to false disclosures but failed to comply within the required timeframe [7] - The company was subsequently placed under delisting risk warning and did not disclose corrected financial reports within the two-month period, leading to the termination of its listing [7][8] Group 3: Financial Penalties - On August 22, *ST Zitian received an administrative penalty from the Fujian Regulatory Bureau, which included a fine of 8.5 million yuan for false disclosures in its 2022 annual report and 2023 semi-annual report [10] - Key executives, including the chairman and general manager, faced individual fines and were subjected to market bans due to obstructing regulatory investigations [11] Group 4: Compliance Failures - The company failed to effectively compile and disclose its 2024 annual report, leading to further penalties of 3.5 million yuan and additional fines for its executives [11]

Core Viewpoint - The A-share market will see a significant unlock of restricted shares, totaling approximately 966.01 billion yuan, with 40 stocks experiencing share unlocks next week [2]. Group 1: Stock Unlock Details - 40 stocks will have their restricted shares unlocked from September 8 to 12, with a total unlock market value of 966.01 billion yuan [2]. - Among these, 12 stocks have an unlock market value exceeding 10 billion yuan, with notable mentions including Times Electric (278.23 billion yuan), Southern Network Storage (230.81 billion yuan), and BGI Genomics (133.82 billion yuan) [2][4]. - Southern Network Storage and Western Gold are among the stocks with restricted shares unlocked from directed placements, while the other three are from the initial public offering (IPO) original shareholders [2]. Group 2: Unlock Proportions - A total of 13 stocks have an unlock proportion exceeding 10%, indicating a potential impact on their stock prices [5]. - Stocks such as Minshida, Southern Network Storage, Sairun Bio, and Zhejiang Hengwei have unlock proportions above 50% [5]. - The detailed table lists various stocks, their unlock dates, market values, and the proportion of shares being unlocked [7]. Group 3: Company Performance Insights - Times Electric's largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute, will unlock approximately 590 million shares, accounting for 43.42% of the total share capital [4]. - Times Electric reported a revenue of 12.214 billion yuan for the first half of 2025, reflecting a year-on-year growth of 17.95%, with a net profit of 1.672 billion yuan, up 12.93% [4]. - Minshida, listed on the Beijing Stock Exchange, achieved a revenue of 237 million yuan in the first half of 2025, marking a year-on-year increase of 27.91%, with a net profit of 63.03 million yuan, up 42.28% [8]. Group 4: Institutional Investment Insights - Institutions that participated in the directed placements of stocks like Western Gold and Southern Network Storage are expected to see positive returns from the unlocks, with Western Gold's return exceeding 180% and Southern Network Storage's over 70% [8]. - Among the 40 stocks, 15 are categorized as general equity incentive shares or restricted shares, with companies like Sany Heavy Energy and Zhaoyi Innovation having unlock market values exceeding 1 billion yuan [8].

Core Viewpoint - The company *ST Zitian has been terminated from listing on the Shenzhen Stock Exchange due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by regulatory authorities [1][4]. Group 1: Termination of Listing - On September 5, the Shenzhen Stock Exchange made a decision to terminate the listing of *ST Zitian [1]. - The company's stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, after which it will be delisted [4]. Group 2: Financial Misconduct - *ST Zitian has been found to have inflated revenues by a total of 24.99 billion yuan over two consecutive years, with significant discrepancies in three periodic reports [5]. - In the 2022 annual report, the company falsely reported internet advertising fees and other services, inflating revenue by 778 million yuan, which accounted for 44.59% of total revenue, and profit by 85 million yuan, representing 35.99% of total profit [6]. - The 2023 semi-annual report showed an inflated revenue of 208 million yuan and profit of 79 million yuan, which constituted 14.56% and 51.64% of total revenue and profit, respectively [6]. - The 2023 annual report indicated an inflated revenue of 1.721 billion yuan, making up 78.63% of total revenue, due to improper revenue recognition practices [6]. Group 3: Regulatory Actions and Penalties - The Fujian Securities Regulatory Bureau has imposed a total penalty of 38.4 million yuan on *ST Zitian and its management for the fraudulent activities and failure to disclose important information [6]. - The former chairman and CFO of the company have been banned from the securities market for life due to their roles in the misconduct [6]. - Legal actions have been initiated by investors for civil compensation, and criminal investigations have been launched regarding the company's accounting practices [7].

Core Viewpoint - *ST Zitian will resume trading on September 15 and enter a delisting arrangement period due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by the China Securities Regulatory Commission (CSRC) [1][4]. Financial Misconduct - *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years, involving fraudulent activities in three periodic reports [3]. - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which constituted 44.59% and 35.99% of the respective total revenue and profit [3]. - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit accounting for 51.64% of the total profit for that period [3]. - The 2023 annual report indicated that a subsidiary inflated revenue by 1.721 billion yuan, representing 78.63% of the total revenue, by misapplying accounting methods [3]. Regulatory Actions - The CSRC imposed a total fine of 38.4 million yuan on *ST Zitian and 12 management personnel for their involvement in the financial fraud [4]. - The former chairman and CFO received lifetime bans from the securities market, reflecting the regulatory body's zero-tolerance stance on such misconduct [4]. Ongoing Accountability Measures - The delisting of *ST Zitian is not the end of accountability, as the CSRC has initiated comprehensive measures against those involved in the fraud [6]. - Investors have begun civil lawsuits to recover losses incurred due to the company's fraudulent activities, and criminal investigations are underway for potential accounting concealment crimes [6]. - The severity of the violations may lead to further criminal charges under laws related to the disclosure of important information [6].

Core Viewpoint - *ST Zitian will resume trading on September 15 and enter a delisting arrangement period due to financial misconduct, including false accounting reports and failure to rectify issues as mandated by the China Securities Regulatory Commission (CSRC) [2][5] Group 1: Financial Misconduct - *ST Zitian inflated its revenue by a total of 2.499 billion yuan over two years, involving fraudulent activities in three periodic reports [4] - In the 2022 annual report, the company falsely reported 778 million yuan in revenue and 85 million yuan in profit, which accounted for 44.59% and 35.99% of total revenue and profit, respectively [4] - The 2023 semi-annual report showed an early recognition of 207 million yuan in revenue and 79 million yuan in profit, with the inflated profit representing 51.64% of the total profit for that period [4] - The company misused the gross method for revenue recognition instead of the net method, leading to an inflated revenue of 1.721 billion yuan, which constituted 78.63% of the reported revenue for that period [4] Group 2: Regulatory Actions and Penalties - The CSRC imposed a total fine of 38.4 million yuan on *ST Zitian and 12 of its management personnel for the financial misconduct [5] - The former chairman and CFO of the company received lifetime bans from the securities market, highlighting the regulatory body's zero-tolerance approach [5] - The Shenzhen Stock Exchange confirmed that *ST Zitian's failure to rectify its financial reports within the required timeframe led to the inevitable delisting of its shares [5] Group 3: Ongoing Legal and Regulatory Consequences - Legal actions are underway, with investors filing civil compensation lawsuits to recover losses incurred due to the company's fraudulent activities [7] - The police have initiated an investigation into *ST Zitian for suspected "concealment of accounting vouchers," indicating potential criminal liability [7] - The case serves as a warning to the capital market that financial fraud can lead to severe consequences, including delisting and criminal prosecution for responsible individuals [7]

Core Viewpoint - The company *ST Zitian (300280.SZ) has received a decision from the Shenzhen Stock Exchange to terminate its stock listing, effective September 5, 2025 [1] Group 1 - The company will resume trading on September 15, 2025, entering a delisting preparation period lasting fifteen trading days, with the expected last trading date on October 13, 2025 [1] - During the delisting preparation period, the company's stock will trade on the risk warning board, with no price fluctuation limits on the first trading day, followed by a daily fluctuation limit of 20% thereafter [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就本公佈全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 （「本公司」） 股東週年大會之結果 本公司股東在 2025 年 9 月 4 日舉行之股東週年大會上以投票表決方式通過所有決議 案。 在股東週年大會： - 1 - 1. 總數為 909,308,465 股的股份持有人有權出席及就所有決議案表決； 2. 沒有股份持有人有權出席但須放棄表決贊成任何決議案；及 3. 沒有上市規則規定須就任何決議案放棄表決權的股份持有人。 實際表決贊成及反對決議案的股份總數如下： | | 普通決議案 | | 贊成（%） | 反對（%） | | --- | --- | --- | --- | --- | | 一、 | 省覽及採納截至 2025 年 3 月 31 日止年度之經審 | | 603,882,704 | 59 | | | 核財務報表、董事會報告書及獨立核數師報告 | | (99.999990%) | (0.000010%) | | | 書。 | | | | | 二、 | 宣派截 ...