Core Viewpoint - The lawsuit against the auditing firm by *ST Hengli reflects the company's severe risk of delisting due to its inability to disclose the 2024 annual report on time, following a negative net profit for 2023 and revenue below 100 million yuan [1][2]. Group 1: Company Situation - Hengli has been under delisting risk warning due to a negative audited net profit for 2023 and revenue below 100 million yuan [1]. - The company has faced continuous revenue decline, with net profits in 2022 and 2023 being negative, and it has not turned a profit in the first three quarters of 2024 [2]. - The previous auditing firm issued a qualified opinion on Hengli's 2023 financial report, highlighting issues with prepaid items and other equity investments, raising doubts about the company's ability to continue as a going concern [2]. Group 2: Audit Issues - Hengli accuses the auditing firm, Shenzhen Xutai, of creating obstacles, citing unreasonable audit scheduling, lack of diligence, improper work arrangements, and unqualified personnel [1]. - The audit report was delivered late and was criticized by the company as being filled with errors, leading to questions about the auditing firm's professionalism [1][2]. - The short preparation time for the audit, given the company's complex business and delisting risk, has been deemed insufficient [2]. Group 3: Future Outlook - To regain market confidence, Hengli must undertake systematic reforms to address both operational and governance challenges [2]. - The company needs to establish transparent communication with the auditing firm and proactively disclose substantial progress in business improvement and risk mitigation to investors [2]. - A successful return to the A-share market requires Hengli to abandon the mindset of "report repair" and demonstrate sustainable operational capability through genuine performance and compliant governance [3].

一、 公司申请听证的基本情况 证券简称：*ST 恒立 证券代码：000622 公告编号：2025-48 恒立实业发展集团股份有限公司 关于向深圳证券交易所提交听证申请的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 恒立实业发展集团股份有限公司（以下简称"公司"）已在规定期限内向深 圳证券交易所提交听证申请，如公司未按期参加听证，将被视为放弃听证权利， 或公司参加了听证但深圳证券交易所最终仍作出终止公司股票上市的决定，公司 股票将被终止上市。 公司于 2025 年 5 月 7 日收到深圳证券交易所下发的《终止上市事先告知书》 （公司部函〔2025〕第 198 号），具体详见公司于 2025 年 5 月 8 日披露的《关于 收到终止上市事先告知书的公告》（公告编号：2025-44）。 公司已在规定的期限内向深圳证券交易所提交了听证申请等，若公司参加了 听证但深圳证券交易所最终仍作出终止上市的决定，公司股票将被终止上市。请 投资者注意投资风险。 二、 后续工作安排 公司将按照《深圳证券交易所股票上市规则（2025 年修订）》《深圳证券交 易所自律 ...

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-47 截至本公告日，张凡女士未持有公司股份。 公司董事会对张凡女士在担任公司独立董事期间作出的贡献表示感谢！ 恒立实业发展集团股份有限公司 关于部分董事及监事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 恒立实业发展集团股份有限公司（以下简称"公司"）董事会和监事会于近 日分别收到独立董事张凡女士、监事罗笛女士递交的书面辞职报告，具体情况如 下： 1．因个人原因，张凡女士申请辞去公司第十届董事会独立董事之职，同时辞 去董事会审计委员会、提名及薪酬与考核委员会的相应职务，其辞职后将不再担 任公司任何职务。 张凡女士的辞职将导致公司董事会相关专门委员会中独立董事未超半数且独 立董事中缺少会计专业人士，根据《上市公司独立董事管理办法》《深圳证券交 易所上市公司自律监管指引第 1 号--主板上市公司规范运作》等法律法规的要求 和《公司章程》的规定，张凡女士的辞职报告将在公司股东会选举产生新任独立 董事填补其空缺后生效。在新任独立董事就任前，张凡女士仍将按照相关法律法 规和《公司章程》的规 ...

*ST恒立（000622）公告，因个人原因，独立董事张凡女士申请辞去公司第十届董事会独立董事之职， 同时辞去董事会审计委员会、提名及薪酬与考核委员会的相应职务。张凡女士的辞职将导致公司董事会 相关专门委员会中独立董事未超半数且独立董事中缺少会计专业人士。张凡女士的辞职报告将在公司股 东会选举产生新任独立董事填补其空缺后生效。在新任独立董事就任前，张凡女士仍将按照相关法律法 规和《公司章程》的规定，继续履行独立董事及董事会专门委员会中的相关职责。截至本公告日，张凡 女士未持有公司股份。 ...

（原标题：年报"难产" *ST恒立状告会计师事务所索赔超3800万元） 近日，*ST恒立（000622.SZ）发布公告称，公司收到法院《受理案件通知书》，公司诉深圳旭泰会计 师事务所（普通合伙）（下称"旭泰会所"）、谭旭明、尹擎、凌辉、王平平侵权责任纠纷一案的起诉状 岳阳楼区法院已收到并决定受理。 其中，谭旭明为旭泰会所执行事务合伙人及项目签字注册会计师，尹擎为项目签字注册会计师，凌辉为 风险管理审核经理，王平平为现场负责人。 *ST恒立认为，旭泰会所作为公司2024年度审计机构，未按约定时间、流程及法定程序开展审计工作， 导致公司无法在法定期限内披露年报，2025年4月30日当日公司市值损失超3800万元。*ST恒立请求判 令旭泰会所赔偿经济损失。 年报"难产" *ST恒立4月23日发布的公告显示，原计划于2025年4月28日披露《2024年年度报告》和《2025年第一季 度报告》，延期至2025年4月30日。但至今相关报告仍未披露。 2024年12月30日，*ST恒立发布《关于改聘会计师事务所的公告》，因原本聘任的会计师事务所自身现 阶段业务繁忙，人员配备不足，无法承接更多业务，而公司年审工作时间紧迫，基 ...

Group 1 - Since May, several companies including *ST Zhongcheng, *ST Renle, *ST Hengli, and *ST Gongzhi have announced receipt of termination of listing advance notice, indicating a trend of companies leaving the capital market [1][3] - As of May 12, 2025, a total of 10 companies have received termination of listing advance notices from the Shanghai and Shenzhen Stock Exchanges, with additional companies like *ST Puli and *ST Xulan also facing similar fates [1][3] - The new delisting regulations have been implemented, leading to the first annual report season under these rules, resulting in multiple companies being warned of delisting risks and several directly delisted [5] Group 2 - *ST Renle reported a net asset of -387 million yuan for 2023 and -404 million yuan for 2024, triggering termination of listing due to financial report issues [3] - *ST Hengli's 2023 net profit was negative, and its revenue was below 100 million yuan, leading to a delisting risk warning [3][4] - *ST Zhongcheng's 2023 net asset was also negative, and its 2024 financial report received a qualified opinion, resulting in a proposed termination of listing [3][4] Group 3 - A total of 9 companies have completed delisting in 2025, with reasons ranging from continuous low stock prices to major violations [6][7] - The companies that have delisted include *ST Meixun, Haitong Securities, and *ST Boxin, among others, with various reasons for their delisting [7][8] - The trend indicates a significant number of companies facing financial difficulties and regulatory challenges, leading to increased scrutiny and potential delisting [10] Group 4 - The Beijing Stock Exchange may see its first delisted company, with Guandao Digital and Yun Chuang Data facing delisting risks due to audit issues [9][10] - Both companies have received audit opinions that could lead to termination of listing if they continue to meet financial delisting criteria in 2025 [10] - A total of 96 companies in the A-share market have been warned of delisting risks due to various financial issues, indicating a broader trend of financial instability among listed companies [10]

Group 1 - Six *ST companies have received "Notice of Termination of Listing" as of May 11, with five touching on financial delisting indicators and one on trading delisting indicators [1] - The new delisting rules have increased the conditions for *ST companies to remove delisting risk warnings, requiring an unqualified internal control audit report; otherwise, delisting will occur [1] - Three companies, *ST Zhongcheng, *ST Renle, and *ST Gongzhi, received negative audit opinions on their internal controls for the 2024 financial report [1] Group 2 - *ST Hengli attributed its failure to disclose the annual report on time to its auditing firm, Shenzhen Xutai Accounting Firm, and has filed a lawsuit against them for damages [2] - The company claims that the audit firm’s negligence led to a market value loss of over 38 million yuan on April 30, 2025, and seeks compensation for this loss [2] - Discrepancies in major accounting treatments, particularly in revenue recognition, could result in *ST Hengli's main business revenue falling below 300 million yuan, posing a risk of delisting after the 2024 annual report [2] Group 3 - Among the six *ST companies, *ST Jiyuan is the only one that has triggered the delisting indicator based on share price, having traded below 1 yuan for 20 consecutive trading days [3] - *ST Jiyuan's stock will be suspended from trading starting April 24 due to this delisting condition [3]

【环球网财经综合报道】日前，有6家*ST公司发布公告称，收到《终止上市事先告知书》，其中5家触及财务类强制退市指标，1家触及交易类强制退市指 标。 具体来看，*ST中程5月7日公告称，公司收到深交所下发的《终止上市事先告知书》，拟被终止股票上市交易。此前，*ST中程因2023年度经审计的期末净 资产为负值，股票交易已被实施退市风险警示。2024年年度报告显示，公司财务会计报告被出具保留意见的审计报告，财务报告内部控制被出具否定意见的 审计报告，触及深交所《股票上市规则（2025年修订）》相关股票终止上市情形。 *ST人乐于5月6日公告称，公司收到《终止上市事先告知书》，深交所拟决定终止其股票上市交易。因2023年度经审计的净资产为负值，公司股票已被实施 退市风险警示。2024年度，公司经审计的期末净资产为-4.04亿元，财务会计报告被出具无法表示意见的审计报告，财务报告内部控制被出具否定意见的审 计报告，触及深交所相关股票终止上市情形。 *ST工智也因2024年度财务会计报告被出具无法表示意见的审计报告，财务报告内部控制被出具否定意见的审计报告，收到《终止上市事先告知书》。公司 5月9日晚公告称，已在规定期限 ...

Core Viewpoint - Multiple *ST companies are facing delisting risks as they have received pre-delisting notices from the exchange due to various financial and trading indicators [2][5][6] Group 1: Financial Indicators and Delisting Notices - As of May 11, six *ST companies have received pre-delisting notices, with five touching financial delisting indicators and one touching trading delisting indicators [2] - The new delisting regulations have introduced stricter conditions for *ST companies to remove delisting risk warnings, requiring internal control audit reports to be unqualified; otherwise, delisting will occur [2][3] - *ST Zhongcheng, *ST Renle, and *ST Gongzhi received negative internal control audit opinions for their 2024 financial reports, indicating significant financial distress [3][5] Group 2: Specific Company Cases - *ST Zhongcheng announced on May 7 that it received a pre-delisting notice due to a negative net asset value for 2023 and a negative internal control audit opinion for 2024 [3][4] - *ST Renle received a pre-delisting notice on May 6, with a reported net asset of -387 million yuan for 2023 and -404 million yuan for 2024, along with negative audit opinions [5] - *ST Gongzhi also received a pre-delisting notice due to negative audit opinions for its financial reports [5] Group 3: Additional Delisting Factors - *ST Longjin is set to exit the A-share market due to negative profit and revenue figures, having received a pre-delisting notice on April 25 [6] - *ST Hengli faced delisting risks for failing to disclose its 2024 annual report on time, with a reported negative net profit and revenue below 100 million yuan [7] - *ST Jiyuan triggered the delisting indicator by having its stock price below 1 yuan for 20 consecutive trading days, leading to a pre-delisting notice [9]

Core Viewpoint - *ST Hengli is facing significant challenges, including regulatory scrutiny and executive resignations, which may lead to potential delisting from the Shenzhen Stock Exchange due to failure to meet reporting requirements [1][2][3]. Group 1: Regulatory Actions - On May 6, 2025, *ST Hengli received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation due to the company's failure to disclose periodic reports within the stipulated timeframe [1]. - The CSRC has decided to initiate a case against *ST Hengli based on violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [1]. - The company has committed to cooperating with the CSRC's investigation and adhering to information disclosure obligations during the investigation period [1]. Group 2: Executive Changes - On the evening of May 7, 2025, *ST Hengli announced that several board members and executives submitted their resignation letters, citing personal reasons for their departure [2][3]. - Notable resignations include Liu Yahui, who stepped down from the board and various committee positions, and Zhang Donghua, who resigned as Vice President [3]. Group 3: Listing Status - *ST Hengli received a "Notice of Termination of Listing" from the Shenzhen Stock Exchange on May 7, 2025, due to the company's failure to disclose a majority of board members' guarantees of the annual report's accuracy within the legal timeframe [2]. - The company has been under delisting risk warning since May 6, 2024, following a negative audited net profit for the fiscal year 2023 and revenue below 100 million yuan [2]. - As of April 30, 2025, *ST Hengli had not disclosed the 2024 annual report or the Q1 2025 report, triggering the delisting rules [2]. Group 4: Investor Compensation - A legal team has opened a channel for affected investors to seek compensation, particularly those who purchased shares on or after May 6, 2025, and sold or still hold the stock thereafter [4]. - The compensation process is being organized, and investors can consult the legal team regarding eligibility and procedures for claims [4].