Shandong Mining Machinery (SZ:002526) Shang Hai Zheng Quan Bao·2025-12-22 19:53Core Viewpoint - The company, Shandong Mining Machinery Group Co., Ltd., has received a notice from the Shenzhen Stock Exchange to suspend the review of its application for a specific stock issuance due to administrative penalties imposed on its accounting firm, Yongtuo Accounting Firm [1][2]. Group 1 - The company's application for the issuance of stocks was accepted by the Shenzhen Stock Exchange on March 21, 2025, and it received an inquiry letter on April 3, 2025 [1]. - The company submitted responses to the inquiry on May 9, September 5, and September 24, 2025 [1]. - The suspension of the review was officially communicated to the company on December 20, 2025, due to the administrative penalty against its accounting firm, which prohibits it from providing securities services [1]. Group 2 - The company clarifies that the administrative penalty against the accounting firm is unrelated to its own operations, and the suspension of the review will not affect its normal production and operations [2]. - The company plans to hire a new accounting firm and will apply for the resumption of the review once the conditions are met [2]. - The final approval of the stock issuance is still uncertain and depends on the review by the Shenzhen Stock Exchange and the registration decision by the China Securities Regulatory Commission [2].