HIKING(SH:600735) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-26 00:00Core Viewpoint - Shandong Xinhua Jin International Co., Ltd. and its actual controller Zhang Jianhua have received notices from the China Securities Regulatory Commission (CSRC) regarding investigations into suspected violations of information disclosure laws [2][4]. Group 1: Investigation and Regulatory Actions - The company received a notice from the CSRC on February 25, 2026, indicating that it is under investigation for suspected information disclosure violations [2]. - Zhang Jianhua, the actual controller of the company, also received a similar notice on the same date, leading to an investigation against him [2]. - The company assures that all its business activities are operating normally and will cooperate with the CSRC during the investigation [2]. Group 2: Financial and Operational Issues - The company has not completed the required rectification of fund occupation by the deadline of February 25, 2026, leading to a suspension of its stock trading starting February 26, 2026, for a period not exceeding two months [5][8]. - As of the announcement date, the Xinhua Jin Group and its affiliates have not returned any of the 406 million yuan (approximately 58 million USD) of non-operating funds that were occupied [6][7]. - The company is facing risks related to the low recovery rate of these funds, as the Xinhua Jin Group and its affiliates have been declared bankrupt [7]. Group 3: Stock Suspension and Resumption Conditions - If the company fails to rectify the fund occupation within the suspension period, it may face delisting warnings and potential termination of its stock listing [8][9]. - The company can resume trading if it completes the required rectification within the suspension period; otherwise, it will face delisting risks [9].