Core Viewpoint - Jiangxi Mubang High-Tech Co., Ltd. (hereinafter referred to as "the company") announced that its controlling shareholder, Jiangxi Mubang New Energy Holdings Co., Ltd. (hereinafter referred to as "Mubang New Energy Holdings"), has had all of its shares frozen due to judicial actions, which may impact the company's financial stability and operations [2][3][6]. Group 1: Shareholder's Shareholding and Freezing Situation - Mubang New Energy Holdings holds 87,540,610 shares, accounting for 20.19% of the company's total share capital. As of the announcement date, 83,300,000 shares (95.16% of its holdings) are under judicial freeze, representing 19.21% of the company's total share capital [2]. - The frozen shares include 4,240,610 shares under multiple rounds of freezing, which accounts for 0.98% of the company's total share capital [2]. - The freezing is due to two court cases with debt amounts of 150,345,405.00 yuan and 169,197,323.84 yuan, respectively, involving a total of 86,000,000 shares [3]. Group 2: Stock Trading Anomalies - The company's A-share stock experienced a cumulative price deviation of over 12% across three consecutive trading days, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [6][8]. - The company conducted a self-examination and confirmed that there are no undisclosed significant matters affecting the stock price, aside from previously disclosed information [9][10]. Group 3: Financial and Legal Issues - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into potential false disclosures in its annual reports [6][13]. - As of June 30, 2025, the controlling shareholder had non-operating fund occupation balances of 46.0563 million yuan, which exceeds 5% of the company's latest audited net assets [7][14]. - The company has faced judicial deductions totaling 227.5921 million yuan from its fundraising accounts, which may affect the implementation of its fundraising projects [7][14].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. has experienced a significant stock price fluctuation, with a cumulative increase of 12% over three consecutive trading days, prompting an announcement regarding abnormal trading behavior [1][3]. Group 1: Stock Trading Abnormalities - The company's A-share stock price increased by a cumulative 12% over three trading days from August 6 to August 8, 2025, which is classified as abnormal trading behavior according to Shanghai Stock Exchange regulations [1][3]. - The company conducted a self-examination and confirmed that there are no undisclosed significant information affecting the stock price, aside from what has already been disclosed [1][3]. Group 2: Financial and Operational Status - The company reported a negative net profit for the year 2024, with operating revenue below 300 million yuan after excluding non-core business income, leading to a risk warning for delisting on May 6, 2025 [2][5]. - As of June 30, 2025, the controlling shareholder had non-operating fund occupation of 46.06 million yuan, and other related parties had 35.26 million yuan, totaling 81.32 million yuan, which exceeds 5% of the company's latest audited net assets [2][5]. Group 3: Legal and Financial Implications - The company has faced legal issues, with a total of 227.59 million yuan in judicial deductions from its fundraising accounts, which may impact project implementation [3][5]. - The company's bank accounts have been frozen, totaling 27.75 million yuan, including funds from the fundraising account, due to ongoing litigation [3][5].

股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 江西沐邦高科股份有限公司（以下简称"公司"）A 股股票连续三个交易 日收盘价格涨幅偏离值累计达到 12% ，根据《上海证券交易所交易规则》的有 关规定，属于股票交易异常波动的情形。 经公司自查，并书面征询公司控股股东、实际控制人，除已披露信息外， 截至本公告披露日，不存在应披露而未披露的重大信息。 公司于 2025 年 7 月 25 日收到中国证券监督管理委员会（以下简称"中 国证监会"）《立案告知书》（编号：证监立案字 0252025003 号）。因公司涉嫌年 报等定期报告财务数据虚假披露等违法行为，根据《中华人民共和国证券法》《中 华人民共和国行政处罚法》等法律法规，中国证券监督管理委员会决定对公司立 案。 公司于 2025 年 4 月 30 日披露了《江西沐邦高科股份有限公司 2024 年年 度报告》。因公司 2024 年度净利润为负，且扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入低于 3 亿元，根据《上海证券 ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-088 江西沐邦高科股份有限公司 关于控股股东股权司法冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●江西沐邦高科股份有限公司（以下简称"公司"）控股股东江西沐邦新能 源控股有限公司（以下简称"沐邦新能源控股"）持有公司股份 87,540,610 股， 占公司总股本的 20.19%。截至本公告披露日，沐邦新能源控股处于质押股份数 量为 83,300,000 股（存在司法标识冻结、轮候冻结），占其持股数量的 95.16%， 占公司总股本的 19.21%；冻结股份 4,240,610 股（存在多轮冻结），占其持股数 量的 4.84%，占公司总股本的 0.98%。至此，沐邦新能源控股所持有公司股份已 全部冻结（存在司法标识冻结、轮候冻结），占其所持有公司股份总数的 100%。 ●公司于近日收到控股股东沐邦新能源控股的通知，其持有的公司部分股份 被南昌市中级人民法院冻结，控股股东目前收到股权司法冻结及司法划转通知 （2025 司冻 ...

Group 1 - The Shanghai Stock Exchange publicly reprimanded *ST Muban and related parties for violations in information disclosure and operational compliance, including significant accounting errors and misuse of raised funds [2] - The company’s major revenue sources for 2024 were identified, with photovoltaic products accounting for 79.13% of total revenue, followed by educational toys at 8.96%, and other businesses contributing 8.82% [3]

New Stock Issuance - The new stock issuance for Zhigao Machinery (证券代码: 920101) is priced at 17.41 CNY per share, effective from August 5, 2025[1] - China Heavy Industry (证券代码: 601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (证券代码: 600150) has a buyback request period from August 13 to August 15, 2025[1] Offer and Acquisition Periods - Shenkou Co., Ltd. (证券代码: 002633) has a tender offer period from July 29 to August 27, 2025[1] - ST Kelly (证券代码: 300326) has a tender offer period from July 17 to August 15, 2025[1] - Happiness Blue Ocean (证券代码: 300528) has a significant announcement on July 30, 2025[1] Market Volatility - There are reports of severe abnormal fluctuations for Tibet Tourism (证券代码: 600749) as of July 31, 2025[1] - ST Suwu (证券代码: 600200) also reported significant volatility on July 30, 2025[1] - The stock of ST YaTai (证券代码: 000691) is under observation for abnormal trading activities as of August 5, 2025[1]

Group 1: New Stock Offerings - Shenke Co., Ltd. (002633) has a tender offer period from July 29, 2025, to August 27, 2025[1] - ST Kelly (300326) has a tender offer period from July 17, 2025, to August 15, 2025[1] - ST Zitian (300280) has a tender offer period ending on July 21, 2025[1] Group 2: Market Alerts - Xizang Tourism (600749) reported severe abnormal fluctuations on July 31, 2025[1] - Tianlu Convertible Bonds (110060) announced significant market activity on July 30, 2025[1] - ST Suwu (600200) experienced unusual trading patterns on July 30, 2025[1] Group 3: Additional Announcements - Happiness Blue Ocean (300528) issued a notice on July 30, 2025, regarding market conditions[1] - Common Pharmaceutical (300966) provided updates on August 1, 2025, related to stock performance[1] - Dongjie Intelligent (300486) released a statement on August 1, 2025, concerning market volatility[1]

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. has experienced abnormal stock price fluctuations, with a cumulative deviation of over 12% in closing prices over three consecutive trading days, prompting regulatory scrutiny [2][5]. Group 1: Stock Trading Abnormalities - The company's stock price showed a cumulative deviation of over 12% on July 30, 31, and August 1, 2025, indicating abnormal trading activity [5]. - The company conducted a self-examination and confirmed that there were no undisclosed significant matters affecting the stock price, including major asset restructuring or significant transactions [8][10]. Group 2: Financial and Operational Status - The company reported that its production and operational activities are normal, with no significant changes in market conditions or internal operations [7]. - The company disclosed a negative net profit for the fiscal year 2024, leading to a risk warning for its stock on May 6, 2025, due to revenues falling below 300 million yuan after excluding non-core business income [2]. Group 3: Legal and Regulatory Issues - The company has faced legal challenges, with a total of 227.59 million yuan in judicial deductions from its fundraising accounts, impacting project implementations [3][11]. - The company received a corrective order from the China Securities Regulatory Commission (CSRC) regarding non-operating fund occupation by its controlling shareholder, amounting to 46.06 million yuan [3][12]. - The CSRC has initiated an investigation into the company for suspected false disclosures in its annual reports and other periodic reports [3][13].

Core Viewpoint - The collective failure of five listed companies in the A-share market has exposed significant regulatory loopholes, resulting in substantial losses for 350,000 shareholders, highlighting a systemic issue rather than isolated incidents [1][3]. Group 1: Company Failures - The five companies involved—Sanfeng Intelligent, ST Wanfang, Ruibeka, Mubang Gaoke, and Taiyuan Heavy Industry—exhibited various forms of misconduct, including financial fraud, disclosure violations, and inflated annual reports [3]. - ST Wanfang, despite being under special treatment, continued to engage in misconduct, leading to an average loss of 60% for its 30,000 shareholders, with a critical risk of delisting [3]. - Mubang Gaoke attracted retail investors with a high ratio of stock conversion (10 to 4.8) but later inflated its annual report, leaving 26,000 shareholders with a stock price of 4.9 yuan, potentially incurring losses even on dividends [3]. - Ruibeka, a wig manufacturer, faced a plummeting stock price of 3.7 yuan as major shareholders sold off their stakes, resulting in significant losses for retail investors [3]. - Taiyuan Heavy Industry, despite its state-owned background, was implicated in disclosure irregularities, with a stock price of 2.6 yuan, leading to severe losses for its 100,000 shareholders [3]. - Sanfeng Intelligent's stock price surged by 200% earlier in the year, but institutional investors had already sold off their shares, leaving 170,000 retail investors vulnerable to losses [3]. Group 2: Regulatory Issues - Prior to the incidents, four of the five companies had received inquiries from the stock exchange, indicating a history of regulatory scrutiny [4]. - The regulatory response has been criticized as inadequate, with only a few scapegoats facing minor penalties, failing to deter future violations [4]. - The number of listed companies under investigation has increased by 40% year-on-year, while the number of delistings has decreased, suggesting a lack of effective regulatory action [4]. - There is a call for stronger third-party audits and accountability for financial advisors, emphasizing the need for stricter enforcement to protect investors [4]. - The current state of the A-share market requires investors to conduct extensive due diligence, as transparency remains a significant issue, potentially reducing the number of listed companies by half if fully implemented [4].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. has experienced abnormal stock trading fluctuations, with a cumulative closing price deviation of 12% over three consecutive trading days, leading to regulatory scrutiny and potential delisting risks [1][3]. Group 1: Stock Trading Fluctuations - The company's A-share stock has seen a cumulative closing price deviation of 12% over three consecutive trading days, qualifying as abnormal trading activity according to Shanghai Stock Exchange regulations [1]. - The company has conducted a self-examination and confirmed that there are no undisclosed significant information affecting the stock price, aside from what has already been disclosed [1][5]. Group 2: Financial Performance and Risks - The 2024 annual report revealed a negative net profit, with operating revenue below 300 million yuan after excluding non-core business income, resulting in a delisting risk warning effective May 6, 2025 [1][2]. - The company has received a negative opinion in its internal control audit report for 2024, leading to additional risk warnings [2]. - Legal issues have led to the freezing of bank accounts totaling approximately 27.75 million yuan, including 26.86 million yuan from the fundraising account, which may impact project implementation [2][3]. Group 3: Regulatory Actions - The company has been notified of an investigation by the China Securities Regulatory Commission (CSRC) due to suspected false disclosures in financial reports [3][7]. - As of June 2025, non-operating fund occupation by the controlling shareholder and related parties reached 81.32 million yuan, exceeding 5% of the company's latest audited net assets, which may lead to further regulatory actions if not resolved within one month [2][6]. Group 4: Corporate Governance - The board of directors has confirmed that there are no undisclosed matters that should have been reported according to the Shanghai Stock Exchange regulations, and previous disclosures do not require correction or supplementation [8].