Summary of Key Points Core Insights - The report highlights the upcoming listings and trading activities of several companies on May 19, 2025, indicating a busy market day with multiple new entries [1][2][3]. Upcoming Listings - Company 001390 Guqi Fur Material will be available for online subscription on May 19, 2025 [1]. - Companies 301595 N Taili and 603014 N Weigao will officially list on the same day, with allocations for general institutional investors [1]. - Company 920060 Wanyuantong will also list on May 19, 2025, specifically for the public portion [1]. Suspension Announcements - Company 002092 ST Zhongtai and 002259 ST Shengda will be suspended for one day due to the announcement of the withdrawal of other risk warnings [2]. - The Invesco Great Wall S&P Consumer Select ETF (QDII) and Guotai S&P 500 ETF will also be suspended until 10:30 AM on May 19, 2025, to protect investor interests [2]. - Company 300506 *ST Mingjia will be suspended for one day following the announcement of the withdrawal of delisting risk warnings [2]. Special Suspensions - Company 000151 Zhongcheng Co. will be suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [3]. - Company 000584 *ST Gongzhi and 000622 *ST Hengli will also face suspensions due to potential delisting risks and failure to disclose periodic reports within the legal timeframe [3]. - Company 002336 *ST Renle will be suspended for one day due to the announcement of potential delisting risks [3].

Core Viewpoint - *ST Hengli has initiated a public selection process for an accounting firm for the 2024 annual audit due to its failure to disclose the 2024 financial report on time, attributing the delay to the previous auditor's misconduct [1][2] Group 1: Audit Selection Process - The company has set a deadline of May 20, 2025, for applications from accounting firms, requiring the selected firm to provide a stamped financial report by June 22, 2025 [1] - Specific qualifications for the auditing firm include having at least 10 staff members on-site, with a minimum of 5 holding valid CPA licenses, emphasizing the complexity and urgency of the audit [1] Group 2: Previous Auditor Issues - The previous auditor, Shenzhen Xutai Accounting Firm, allegedly ignored the company's legal rights and created obstacles during the audit process, leading to a flawed audit report issued on April 29, 2025 [2] - The company has filed a lawsuit against the previous auditor, seeking over 38 million yuan in damages due to the auditor's negligence and failure to meet professional standards [2] Group 3: Regulatory Consequences - As a result of the failure to disclose the 2024 financial report, the company received a notice from the Shenzhen Stock Exchange regarding the potential termination of its listing [2][3] - The company has submitted a hearing application to the Shenzhen Stock Exchange, indicating its intention to present written statements and defense materials within the specified timeframe [3] Group 4: Company Valuation and Shareholder Information - Prior to the suspension of trading, the company's total market value was 760 million yuan, with 18,480 ordinary shareholders reported as of the end of the third quarter of the previous year [4]

Group 1 - Vanke A's largest shareholder, Shenzhen Metro Group, plans to provide a loan of up to 1.55 billion yuan to repay the company's bonds [1] - Yidelong reported a net profit of 41.77 million yuan for Q1 2025, a year-on-year increase of 34.19% [1] - Overseas Chinese Town A achieved a contract sales amount of 1.78 billion yuan in April, a year-on-year increase of 10% [1][2] Group 2 - Dajin Heavy Industry's subsidiary signed a contract worth approximately 1 billion yuan for an offshore wind power project with a European energy company [4] - Liao Port Co. announced the resignation of Chairman Wang Zhixian due to reaching retirement age [4] - China Energy Construction's application for a specific stock issuance has been approved by the Shanghai Stock Exchange [6] Group 3 - Xinhua Insurance reported a 27% year-on-year increase in premium income from January to April, totaling 85.38 billion yuan [11] - 吉祥航空's passenger turnover increased by 6.34% in April, with a seat occupancy rate of 86.16% [13] - New City Holdings reported a contract sales amount of approximately 1.76 billion yuan in April, a year-on-year decrease of 52.46% [28] Group 4 - Three Yuan Bio announced a preliminary ruling of a 3.49% countervailing duty on its products in the U.S. [23] - Shanghai Pharmaceutical's product, Wengjing Decoction Granules, has been approved for production [20] - A strategic cooperation agreement was signed between *ST Dali and Zhuhai Yunzhou Intelligent Technology Co., Ltd. to promote the development of intelligent unmanned equipment [22] Group 5 - The construction of the automotive lightweight forging precision processing project by Sanlian Forging has been completed [25] - The company Tianma Technology reported an output of approximately 1,480.16 tons of eel in April [18][19] - The company Victory Technology plans to invest up to 3 billion yuan for share repurchase [42]

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 ...

石圣平或许未曾料到，在其入主恒立实业还不到9个月后，这家被誉为A股"不死鸟"的上市公司就要面临退市。 年报"难产" 5月7日晚，深交所向*ST恒立(000622.SZ)下发了《终止上市事先告知书》，截至4月30日，公司未在法定期限内披露过半数董事保证真实、准 确、完整的2024年年度报告，这触及了深交所规定的股票终止上市情形。 深交所拟决定终止*ST恒立股票上市交易。 此前4月29日深夜，*ST恒立就发布了一则"无法在预约日期及预计无法在法定期限内披露定期报告"的风险提示。 *ST恒立称，旭泰会所对公司2024年年度报告审计过程中，未按照双方签订的《审计业务约定书》及《总体审计策略》规定的时间、流程以及 法定程序开展审计工作，公司于2025年4月29日下午3点后才收到旭泰会所出具的正式审计报告及其他相关专项报告。 旭泰会所会计师与*ST恒立在部分业务收入确认方面存在一定分歧，如果该部分业务收入最终无法合并计算至公司总的主营业务收入，将导致 公司2024年主营业务收入低于3亿元。 不仅如此，因新余锂想和零部件公司主营业务毛利率偏低，子公司湖南恒胜计提信用减值损失增加等，这导致公司亏损增加。 *ST恒立预计202 ...

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。 ...

Core Points - *ST Hengli has filed a lawsuit against Shenzhen Xutai Accounting Firm for over 38 million yuan in damages due to the firm's failure to conduct the audit in a timely manner, which resulted in the company being unable to disclose its annual report on time [1][4] - The company has faced regulatory scrutiny and has received a notice of termination of listing from the Shenzhen Stock Exchange due to the delay in disclosing its annual report [5] Group 1: Legal Action - The lawsuit was initiated after *ST Hengli received a court notice acknowledging the case against Xutai Accounting Firm and its partners for infringement [1] - The company claims that the accounting firm did not follow the agreed timeline and procedures for the audit, leading to significant financial losses [1][4] - *ST Hengli alleges that the accounting firm exhibited negligence and unprofessional conduct, including the use of unqualified personnel for the audit [3] Group 2: Financial Impact - The delay in the annual report has resulted in a market value loss exceeding 38 million yuan as of April 30, 2025 [1][4] - The company reported a revenue of 70.06 million yuan for the first three quarters of 2024, marking an 18.31% year-on-year increase, but also a significant net loss of 16.21 million yuan [6] - The company anticipates a potential financial delisting scenario if the final annual report shows revenue below 300 million yuan [6] Group 3: Management Changes - Two senior executives have resigned from their positions, citing personal reasons, amidst the ongoing issues with the audit and financial reporting [6] - The company’s main business operations are divided among three subsidiaries, focusing on automotive parts, investment, and trade [6]

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]