Core Viewpoint - Shanghai Broadband Technology Co., Ltd. (*ST HuKe) has received a notice from the China Securities Regulatory Commission (CSRC) regarding a formal investigation for suspected violations of information disclosure laws [1][2][3] Group 1: Investigation Details - The CSRC issued the notice on December 12, 2025, under the case number 0032025030, indicating that the company is under investigation for potential violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [1][2][3] - As of the announcement date, the company has not received a final conclusion from the CSRC regarding the investigation, and the outcome will be determined by the CSRC's findings [1][2][3] Group 2: Investor Compensation - Investors who purchased *ST HuKe shares before December 12, 2025, and sold or still hold them after December 13, 2025, may be eligible for compensation [1][2][3] - Required documentation for compensation claims includes original transaction statements for *ST HuKe shares, a copy of the investor's ID, and a securities account inquiry issued by the brokerage [2][3]

Core Viewpoint - *ST沪科 has received a notice of investigation from the China Securities Regulatory Commission (CSRC) due to suspected violations of information disclosure laws, which the company claims will not significantly impact its operations and management [1][2]. Financial Performance - In the first three quarters of the year, *ST沪科 reported revenue of only 5.44 million, a year-on-year decline of 63.7%, while the net profit attributable to shareholders was 1.06 million, showing a significant increase [2]. - The company's revenue dropped sharply from 367 million in 2022 to 17.23 million in 2024, falling below 100 million [2]. - Continuous losses are expected for the years 2023 and 2024, with a risk of delisting if the total profit, net profit, or net profit after excluding non-recurring gains and losses is negative and revenue is below 300 million in 2025 [2]. Management Changes - Following the resignation of Yun Feng, the company’s board secretary and financial officer, the chairman Wang Tianyang is temporarily taking over the secretary duties, while financial manager Yang Xiuxin is acting as the financial officer [3]. - Yun Feng, who was appointed as a director in March 2024 and took on the roles of board secretary and financial officer in November, resigned due to personal health reasons after just over a year in these positions [3]. - Other significant management changes include the resignation of the chairman Zhang Lu in April and independent director Li Zheng in August, both citing personal reasons [3]. Shareholder Issues - The second-largest shareholder, Kunming Industrial Development Investment Co., Ltd., has had all its shares frozen, and the first-largest shareholder's shares are also under freeze [3]. - As of October, the former controlling shareholder, Nanjing Siweit Group Co., Ltd., and its affiliates had illegally occupied 349 million of the company's funds, accounting for 921.63% of the latest audited net assets [4].

Core Viewpoint - *ST沪科 is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which may impact its operations and market perception [1][3]. Company Operations - The company reports that its production and business activities are currently operating normally and that it will cooperate with the regulatory investigation [3]. - *ST沪科, officially known as Shanghai Broadband Technology Co., Ltd., primarily engages in the trade of agricultural and chemical products, focusing on fresh-cut flowers and liquor grains in agriculture, and titanium dioxide in chemicals [3]. Financial Performance - The company's revenue has been declining significantly, with reported revenues of 367 million yuan in 2022, 149 million yuan in 2023, and a projected 17 million yuan in 2024, marking an 88.42% year-on-year decline for 2024 [3]. - For the first half of 2025, *ST沪科's revenue further decreased by 65% to approximately 4.4 million yuan, attributed to adjustments in business structure and declines in its chemical product lines [3][4]. - Key financial metrics for the first half of 2025 include a total profit of -442,431.75 yuan, a net profit attributable to shareholders of 34,921.86 yuan, and a net cash flow from operating activities of 26.26 million yuan, showing a significant decline compared to the previous year [4]. Stock and Market Performance - The company's stock has been under pressure, with a nearly 20% decline in share price over the past month, resulting in a market capitalization of approximately 1.3 billion yuan as of December 12 [6]. - Due to negative financial results, *ST沪科's stock has been placed under a delisting risk warning, as it failed to meet the revenue threshold of 300 million yuan [4]. Historical Issues - The company faces issues related to non-operating fund occupation, with a balance of 349 million yuan owed by its former controlling shareholder, significantly exceeding its net assets [5]. - In November 2023, *ST沪科 announced plans to transfer all debts related to historical issues with Nanjing Siweit Group, although the success of this plan remains uncertain [5]. Management Changes - There has been frequent turnover in the company's management, with the resignation of the board secretary and financial officer, who had only served for about a year due to personal health reasons [6].

Core Viewpoint - The company *ST Huike (600608.SH) has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation for suspected violations of information disclosure laws [1] Group 1 - The company was issued a "Notice of Case Filing" (No. 0032025030) by the CSRC on December 12, 2025 [1] - The investigation is based on allegations of illegal information disclosure [1] - The CSRC's decision to file a case is in accordance with the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 達利國際集團有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00608 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | 本月底法定/註冊 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00608 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱 ...

Group 1 - Dali International (00608.HK) announced that Liu Yecheng will be appointed as a non-executive director starting from October 15, 2025, and will resign from the company's nomination committee [1] - Lin Dianyue will resign from the company's nomination committee effective October 15, 2025 [1]

Group 1 - Dali International (00608) announced that Liu Ye Cheng will be appointed as a non-executive director starting from October 15, 2025, and will resign from the company's nomination committee [1] - Lin Dian Yu will also resign from the company's nomination committee effective October 15, 2025 [1]

Core Viewpoint - Dali International (00608) announced the appointment of Liu Yecheng as a non-executive director effective from October 15, 2025, and the resignation of Liu from the nomination committee [1] Group 1 - Liu Yecheng will transition to a non-executive director role starting October 15, 2025 [1] - Lin Dianyue will resign from the nomination committee effective October 15, 2025 [1]

董事名單及其角色與職能 於二零二五年十月十五日起，達利國際集團有限公司董事會(「董事會」)成員載列如 下： 執行董事 林富華先生 （主席） 林知譽先生 ( 董事總經理 ) 林典譽先生 ( 董事總經理 ( 中國 )) 非執行董事 梁詠雯女士 劉業成先生 獨立非執行董事 鍾國斌先生 唐希強先生 黃俊碩先生 董事會轄下設立4個委員會。下表提供董事會成員在該等委員會中所擔任的職位： | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | 風險管理 委員會 | | --- | --- | --- | --- | --- | | 林富華先生 | | | C | | | 林知譽先生 | | M | | C | | 林典譽先生 | | | | M | | 梁詠雯女士 | | | M | M | | 劉業成先生 | M | | | M | | 鍾國斌先生 | M | C | M | M | | 唐希強先生 | M | | M | M | | 黃俊碩先生 | C | M | M | M | 註: 香港，二零二五年十月十五日 C 有關委員會的主席 M 有關委員會的委員 ...