Core Viewpoint - ST Guangwu (600603.SH) has conducted a self-examination in accordance with the Shanghai Stock Exchange's regulations and confirmed that it does not meet any conditions for additional risk warnings, thus planning to apply for the removal of such warnings [1] Summary by Sections - Compliance with Regulations - The company has performed a detailed self-check against the revised regulations of the Shanghai Stock Exchange as of April 2025 [1] - It has confirmed that there are no conditions that would trigger additional risk warnings from the exchange [1] - Application for Removal of Risk Warnings - The company intends to apply to the Shanghai Stock Exchange for the removal of the additional risk warnings on its stock [1]

Core Viewpoint - ST Shengtun (600711.SH) has confirmed that it meets the conditions for applying to revoke the other risk warning on its stock, as per the revised Shanghai Stock Exchange listing rules [1] Group 1: Compliance and Self-Assessment - The company conducted a thorough self-assessment in accordance with the Shanghai Stock Exchange listing rules (revised in April 2025) and found no circumstances that would trigger additional risk warnings [1] - The company believes it has fulfilled the requirements outlined in Article 9.8.8 of the listing rules for applying to revoke the other risk warning on its stock [1] Group 2: Board Meeting and Resolution - The company convened the 20th meeting of its 11th Board of Directors, where it approved the proposal to apply for the revocation of the other risk warning on its stock [1] - Following the board's resolution, the company will submit an application to the Shanghai Stock Exchange to revoke the other risk warning [1]

Core Viewpoint - ST Te Xin has successfully removed its ST label and changed its stock name to Te Fa Information after over a year of risk warnings [2] Group 1: Company Background and Changes - ST Te Xin, officially known as Shenzhen Te Fa Information Co., Ltd., has undergone significant changes, including a name change and the lifting of risk warnings [2] - The stock will resume trading on July 9, with the stock code remaining the same (000070) and the trading limit increasing from 5% to 10% [2] Group 2: Financial Misconduct and Rectification - The company faced issues due to financial misconduct by its subsidiary, Shenzhen Te Fa Dong Zhi Technology Co., Ltd., which inflated revenues and profits from 2015 to 2019, leading to false financial disclosures [4] - Following the misconduct, the company has corrected its financial statements for the years 2015 to 2019 and received a special audit report from Tianzhi International Accounting Firm [4] Group 3: Investor Compensation and Risk Warning Removal - The company has made provisions for investor compensation amounting to 10.07 million yuan, addressing the factors that led to the risk warnings [5] - The company has met the conditions for the removal of risk warnings, including the retrospective restatement of financial reports and the passage of 12 months since the administrative penalty [5] Group 4: Stock Performance and Market Reaction - After being labeled as ST, the stock price fell below 4 yuan per share, but has since rebounded over 90%, closing at 8.03 yuan per share as of July 7 [6][7] - The market has shown a recovery in investor confidence due to the company's proactive rectification efforts [7] Group 5: Current Financial Performance - The company reported a revenue of 4.409 billion yuan for 2024, a year-on-year decrease of 10.69%, with a net loss of 403 million yuan [9] - In the first quarter of 2025, the company continued to face challenges, with a revenue of 790 million yuan, down 26.16% year-on-year, and a net loss of 15.06 million yuan [9] - As of December 31, 2024, the company had total assets of 6.461 billion yuan and net assets of 2.058 billion yuan [9]