HIKING(SH:600735) 智通财经网·2025-09-23 09:28Group 1 - The company received an administrative regulatory decision from the Qingdao Securities Regulatory Bureau regarding non-operational fund occupation amounting to 406 million yuan, which must be returned within six months from the date of the decision [1] - As of the announcement date, the company and its affiliates have not yet returned the occupied funds, which remain at 406 million yuan [1] - The company is actively promoting the equity transfer of Shandong Jimo Huangjiu Factory Co., Ltd. and is urging its group to expedite the liquidation and disposal of other assets to raise funds for repayment [1] Group 2 - According to the Shanghai Stock Exchange listing rules, if the company fails to recover the occupied funds within one month, it will face risk warnings on its stock [2] - If the company does not comply with the rectification requirements to recover the occupied funds within six months, its stock will be suspended, and if not rectified within two months after suspension, it will face delisting risk warnings [2] - Continued failure to rectify within two months after the delisting risk warning will result in the termination of the company's stock trading [2]