SUNYES(SZ:002388) Shang Hai Zheng Quan Bao·2026-01-09 21:15Core Viewpoint - The company, Xinya Process (Zhejiang) Co., Ltd., has announced the removal of other risk warnings and the resumption of trading for its stock, which will now be known as "Xinya Process" instead of "ST Xinya" [2][7]. Group 1: Stock Trading and Risk Warnings - The company's stock will be suspended for one day starting January 12, 2026, and will resume trading on January 13, 2026 [2]. - The stock's name will change from "ST Xinya" to "Xinya Process," while the stock code remains 002388 [2]. - Following the removal of the risk warning, the daily price fluctuation limit for the stock will increase from 5% to 10% [2][7]. Group 2: Background on Risk Warnings - The company received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) on November 11, 2024, due to improper measurement of expected credit losses on accounts receivable, leading to inflated profit figures in the 2022 annual report [3]. - The stock was placed under other risk warnings starting November 13, 2024, as per the Shenzhen Stock Exchange listing rules [3]. Group 3: Application for Removal of Risk Warnings - The company conducted a thorough review and found no conditions that warranted the risk warning under the Shenzhen Stock Exchange listing rules [4]. - The company has corrected prior accounting errors and received a special verification report from its auditor regarding financial statement adjustments for the years 2019 to 2022 [5]. - The company has completed all necessary rectifications related to the administrative penalty within the stipulated timeframe [5]. Group 4: Legal and Financial Implications - As of the announcement date, the company has received 79 investor claims totaling approximately RMB 7.09 million, with 31 cases withdrawn and 48 cases currently under review [6]. - The company has confirmed that it does not meet the conditions for recognizing expected liabilities related to these claims at this time [6].