ST香雪：收到行政处罚决定书

Group 1 - Company ST Xiangxue received an administrative penalty from the China Securities Regulatory Commission (CSRC) for false reporting in its 2019 annual report and failure to disclose non-operating fund occupation, resulting in a fine of 6 million yuan [1] - The actual controller Wang Yonghui was warned and fined 10 million yuan, but the company is not subject to major illegal delisting circumstances [1] - The company has restated its financial reports and cleared the non-operating fund occupation by Kunlun Investment, completing the necessary rectifications [1] Group 2 - The company is making positive progress in its judicial reorganization, with the Guangzhou Intermediate People's Court extending the pre-reorganization period to October 11, 2025 [2] - Ongoing work includes debt claim declaration and review, auditing, evaluation, and financial consulting, with selected intermediary institutions for assistance [2] - Successful reorganization is expected to improve the company's asset-liability structure and support sustainable development [2]