独家！迟迟不披露，或涉嫌信披违规

Core Viewpoint - ST Luton is suspected of violating information disclosure regulations due to delays in announcing decisions made by the supervisory board and convening a temporary shareholders' meeting [2][3][12]. Group 1: Internal Conflicts and Governance Issues - The supervisory board of ST Luton approved a proposal for a temporary shareholders' meeting on June 8, 2025, but the company has not disclosed this decision or the meeting notice as of June 21, 2025 [2][8]. - Small shareholders have been in conflict with the board, previously attempting to convene a temporary shareholders' meeting to remove several directors, which was not approved by the board [4][17]. - The supervisory board's statement indicates that the company has violated regulations by failing to disclose the supervisory board's decisions and meeting notifications [12][5]. Group 2: Shareholder Dynamics - Small shareholders, including Wu Shichun, Gu Jiming, and Yin Guanmin, collectively hold 10.72% of ST Luton's shares and are pushing for changes in the board [17][22]. - The board has rejected proposals from small shareholders to remove directors, citing stability concerns and legal interpretations regarding the qualifications of nominated directors [18][19]. - The conflict is intensified by the fact that Wu Shichun, as the largest shareholder, has expressed intentions to actively exercise shareholder rights and improve the company's operations [22][24]. Group 3: Regulatory Scrutiny and Consequences - ST Luton has faced regulatory scrutiny from the Jiangsu Securities Regulatory Bureau, which issued administrative measures against the company and certain executives for internal control deficiencies and failure to disclose significant litigation [25][27]. - The small shareholders argue that replacing the board members is urgent to enhance corporate governance, especially in light of the administrative measures taken against current executives [26][27]. - If the supervisory board cannot facilitate the temporary shareholders' meeting, shareholders holding over 10% of shares may have the right to convene it independently after board rejection [28].