Group 1 - The core viewpoint of the articles is that the "delisting" of stocks, which refers to the removal of ST or *ST labels from a company's stock, indicates a significant improvement in the company's financial health and operational performance [1][2] - Companies must meet specific financial and operational criteria, such as positive net profit, positive net assets, and revenue above a certain threshold, to apply for the removal of ST or *ST labels [1] - The removal of these labels often leads to a positive impact on the company's profitability, as it signifies that the company has stabilized its financial situation and resolved previous financial issues [1] Group 2 - The delisting process positively affects the market image of the company, as being labeled can severely damage its reputation and investor confidence [2] - The removal of the label helps to restore investor confidence and allows for a reevaluation of the company's value, attracting more capital inflow [2] - A list of companies that have recently undergone delisting includes: - Huijin Technology (300368): Focuses on intelligent manufacturing and information system integration [2] - Jiuzhitang: Engages in traditional Chinese medicine research and production [2] - Jintime Technology (002951): Specializes in energy storage equipment manufacturing [3] - Zhongjiabochuang: Involved in information transmission and communication network maintenance [3] - Yongyue Technology (603879): Develops and sells intelligent robots [3] - Xianfeng New Materials (300163): Produces high polymer composite shading materials [3] - Dongfang Ocean (002086): Engages in aquaculture and biotechnology [3] - Shengda Forestry (002259): Involved in natural gas liquefaction and related operations [3]

北京市金杜律师事务所 关于四川升达林业产业股份有限公司 2024 年度股东大会之 法律意见书 致：四川升达林业产业股份有限公司 北京市金杜律师事务所（以下简称本所）接受四川升达林业产业股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会 《上市公司股东会规则（2025 修订）》（以下简称《股东会规则》）等中华人民 共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别 行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规 章和规范性文件和现行有效的《四川升达林业产业股份有限公司章程》（以下简 称《公司章程》）有关规定，指派律师现场出席了公司于 2025 年 5 月 29 日召开 的 2024 年度股东大会（以下简称本次股东大会），并就本次股东大会相关事项 出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2023 年度股东大会审议通过的《公司章程》； 2. 公司 2025 年 4 月 26 日刊登于巨潮资讯网及深圳证 ...

证券代码：002259 证券简称：升达林业 公告编号：2025-025 四川升达林业产业股份有限公司 2024 年度股东大会决议公告 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。 一、重要提示 1、本次股东大会无否决提案的情况。 2、本次股东大会采取现场投票与网络投票相结合的方式召开。 3、本次股东大会不涉及变更以往股东大会已通过的决议。 二、会议召开情况 1、会议召集人：四川升达林业产业股份有限公司董事会 2、表决方式：采取现场投票与网络投票相结合的方式 3、会议召开地点：四川省成都市武侯区锦尚西一路 127 号新中泰国际大厦 3306。 4、会议召开时间： 现场会议时间：2025 年 5 月 29 日（星期四）下午 14：00 网络投票时间：2025 年 5 月 29 日，其中： （1）通过深圳证券交易所（以下简称"深交所"）交易系统进行网络投票的 具体时间为 2025 年 5 月 29 日上午 9:15-9:25，9:30-11:30 和下午 13:00-15:00； （2）通过深交所互联网投票系统（http://wltp.cninfo.com.cn） ...

证券代码：002259 证券简称：升达林业 公告编号：2025-024 四川升达林业产业股份有限公司 股票交易异常波动公告 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。 一、股票交易异常波动的具体情况 四川升达林业产业股份有限公司（以下简称"公司"）股票于 2025 年 5 月 21 日、22 日、23 日连续 3 个交易日收盘价格涨幅相对于深证 A 股指数偏离值累 计达到 20.30%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情 形。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司董事会通过电话和微信方式，对公司第一大股 东、公司全体董事、监事及高级管理人员进行了核查，现就相关情况说明如下： 1、经核查，公司未发现前期披露的信息存在需要更正、补充之处。 2、经核查，公司未发现近期公共媒体报道了可能或已经对本公司股票交易 价格产生较大影响的未公开重大信息。 5、公司第一大股东的受托人华宝信托在公司股票异常波动期间未买卖公司 股票。 6、公司不存在违反公平信息披露规定的情形。 三、是否存在应披露而未披露的信息声明 1 公司董事会声明，公司 ...

Core Viewpoint - Six ST stocks will be delisted from risk warnings and will resume trading on May 20, indicating improved financial conditions and compliance with regulatory requirements [2][4][8]. Group 1: Stocks Resuming Trading - ST Aonong will change its name to Aonong Biological and has received a standard unqualified audit report for its 2024 financials, showing a net asset of 2.566 billion and a net profit of 579 million [4]. - ST Mingjia will change its name to ST Mingjia Hui and continues to face other risk warnings due to negative net profit and low revenue, but has received approval to resume trading [5][6]. - ST Zhongtai, ST Shengda, and ST Muyou will also resume trading with name changes, having rectified previous compliance issues and received standard unqualified audit reports [8]. Group 2: Major Asset Restructuring Announcements - Xunbang Intelligent plans to acquire control of Wuxi Yindi Chip Microelectronics through a combination of share issuance and cash payments, focusing on the automotive chip sector [12]. - Huibo Yuntong intends to purchase 67.91% of Baode Computer Systems, aiming to enhance its competitive edge by integrating software and hardware solutions [13].

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].

Group 1: Mergers and Acquisitions - The new regulations for major asset restructuring of listed companies have been officially launched, indicating the full implementation of the "six measures for mergers and acquisitions" [2] - The revised management measures support cross-industry mergers that align with business logic, establish a phased payment mechanism for restructuring shares, and encourage private equity funds to participate in mergers and acquisitions [2] - The introduction of a simplified review process for eligible listed companies significantly shortens the review timeline and improves disclosure requirements [2] Group 2: Currency and Trade - The Chinese yuan has shown signs of appreciation, with the central bank setting the mid-price below 7.2 for the first time since early April, following positive developments in Sino-US trade talks [4] - The dollar index experienced a significant drop of 10%, while Asian currencies appreciated by 5% to 10%, indicating a potential shift towards "de-dollarization" [4][5] - The U.S. Treasury Secretary indicated that countries not engaging in sincere negotiations will receive tariff notifications, with tariffs reverting to levels seen on April 2 [3] Group 3: Financial Markets - In April, foreign investors made a record net inflow of 8.21 trillion yen (approximately 406.6 billion RMB) into Japanese stocks and long-term bonds, marking the largest monthly net inflow since 1996 [6] - The rapid growth of bond ETFs has been noted, with the total market size surpassing 260 billion RMB, reflecting a shift towards more stable investment tools amid increased market volatility [10][11] Group 4: Corporate Developments - The CEO of Novo Nordisk has been dismissed, impacting the company's stock price, which fell by 2.69% following the announcement [17] - The company reported a total revenue of 78.087 billion Danish kroner (approximately 11.216 billion USD) for Q1 2025, an 18% year-on-year increase, with a significant portion of revenue coming from the blockbuster drug semaglutide [17] Group 5: Market Dynamics - The A-share market showed resilience with the Shanghai Composite Index rising by 0.76% and the ChiNext Index increasing by 1.38% during the week [13] - In the Hong Kong market, major indices experienced declines, with the Hang Seng Index dropping by 0.46% amid disappointing quarterly earnings from large tech and financial stocks [14]

Core Viewpoint - ST Shengda has successfully completed the "hat removal" process after 7 years, with the Shenzhen Stock Exchange agreeing to lift the risk warning on the company's stock, which will now be traded under the name "Shengda Forestry" [2][4]. Group 1: Company Background - The stock of Shengda Forestry was placed under risk warning on October 9, 2018, due to financial misconduct by its former controlling shareholder, Sichuan Shengda Forest Products Group Co., Ltd., which included fund occupation and unauthorized guarantees [4]. - The company has undergone significant changes, including the emergence of Huabao Trust as the largest shareholder, holding 28.33% of the company's shares as of the announcement date [5][6]. Group 2: Resolution of Core Risks - The company has resolved two major risk issues: the absence of fund occupation by the controlling shareholder and the elimination of serious violations regarding guarantees [5][6]. - All guarantee responsibilities have been fulfilled or deemed invalid by court rulings, and the company has made provisions for potential liabilities related to past guarantees [6]. Group 3: Legal Actions and Financial Recovery - The former actual controller has been sentenced to four years in prison for damaging the interests of the listed company, with other executives also receiving prison sentences [7]. - The company plans to continue legal actions against the former controlling shareholder to recover losses related to unauthorized guarantees and will actively investigate the financial status of the former shareholder to identify assets for debt repayment [7]. Group 4: Financial Performance - For the year 2024, the company reported a revenue of 733 million yuan, a decrease of 5.90%, but a significant increase in net profit to 11.99 million yuan, up 1190.67% year-on-year [8]. - In the first quarter of 2025, the company achieved a revenue of 230 million yuan, a year-on-year increase of 52.20%, with net profit rising by 177.20% to 11.37 million yuan [8]. Group 5: Stock Performance - Since April, the stock price of ST Shengda has surged by 61.86%, closing at 3.82 yuan per share on May 16, with a total market capitalization of 2.874 billion yuan [9].

Group 1: Stock Trading Anomalies - Chengfei Integration reported severe abnormal stock fluctuations, indicating a potential market sentiment overheating, with 96.91% of revenue from automotive parts and tooling, and only 1.74% from aerospace components [3] - Lijun Co. noted short-term market sentiment overheating in its stock, attributed to increased attention on military aircraft-related stocks due to geopolitical changes [4][5] - Yuzhong A stated that its stock has seen significant short-term gains, but there have been no major changes in its operational environment [8] Group 2: Risk Warnings and Suspensions - Zitian Technology received a delisting risk warning due to false financial reporting, with a deadline for rectification that was not met, leading to a potential delisting [6] - ST Mingjia announced the removal of its delisting risk warning but will continue to face other risk warnings, with a temporary suspension of trading [7] - ST Shengda's stock will be suspended for one day before resuming trading after the removal of other risk warnings [11] Group 3: Mergers and Acquisitions - Guangyang Co. is planning to acquire 100% of Ningbo Yinqiu Technology, leading to a suspension of its stock trading [9] - Electric Power Investment is also planning to acquire shares in Baiyin Hua Coal Power, with its stock set to resume trading [10] Group 4: Shareholder Reductions - Ruiling Co.'s controlling shareholder plans to reduce its stake by up to 3%, with specific figures provided for individual executives [13] - New Meixing's controlling shareholder intends to reduce its stake by up to 3% as well [14] - Yujian Intelligent's actual controllers plan to collectively reduce their stake by up to 2.99% [15] Group 5: Major Contracts - Qunxing Toys announced a 113 million yuan contract with Tencent for providing computing power services [23]

Group 1 - ST Shengda announced the removal of risk warnings and the change of its stock name from "ST Shengda" to "Shengda Forestry" effective May 20 [1] - ST Shengda's main business has shifted from home products to natural gas liquefaction and urban gas operations after significant restructuring [1][2] - The company has resolved issues related to the misuse of funds by its former controlling shareholder and has no current major shareholder or actual controller [2] Group 2 - ST Shengda is pursuing litigation related to the illegal guarantees provided by Shengda Group and aims to recover losses [3] - *ST Mingjia announced that it met the conditions for the removal of delisting risk warnings, with an audited revenue of 117 million and a net asset of 96.44 million for 2024 [3] - Despite the removal of delisting risk warnings, *ST Mingjia will continue to face other risk warnings due to negative net profits in the last three accounting years [3]