*ST Shijing Co. begins pre-reorganization as Beijing E-hualu seeks restructuring investors

Today's market saw significant developments in corporate restructuring and risk warnings across various companies. Notably, *ST Shijing Co., Ltd. and Beijing E-hualu Information Technology Co., Ltd. are navigating financial difficulties, prompting court interventions and investor recruitment efforts.

Earnings & Performance

• *ST Shijing Co., Ltd. (301030) received court approval for a pre-reorganization procedure due to creditor applications, appointing a temporary administrator to oversee the process aimed at assessing restructuring feasibility.
• Beijing E-hualu Information Technology Co., Ltd. (300212) is publicly recruiting restructuring investors to aid its recovery, facing substantial legal and financial challenges, with applications due by June 26, 2026.

Regulatory & Governance

• ST Diri Co., Ltd. (300396) announced that its stock trading will be subject to a risk warning due to a negative internal control audit report for 2025, with potential delisting risks if issues persist in 2026.
• *ST Nachuan Co., Ltd. (300198) issued a second risk warning regarding possible termination of its stock listing, reporting negative net assets of -147,791,659.62 yuan as of 2025.
• *ST Power Co., Ltd. (300152) also issued a second risk warning about potential delisting due to negative net profits over the last three fiscal years and adverse audit opinions.

Other Notable Developments

• Amoy Diagnostics Co., Ltd. (300685) announced the resumption of trading after a change in control, with Forward Investment (Hong Kong) Co., Ltd. transferring 20% of shares to China National Pharmaceutical Group.
• Wuyang Automation Co., Ltd. (300420) approved a cash acquisition of 51% of Dongguan Kesi Yu Liquid Cooling Technology Co., Ltd. for 68.085 million yuan, alongside a bank loan application for up to 600 million yuan to finance this acquisition.
• Jia Mei Packaging Co., Ltd. (002969) completed a share transfer, making Suzhou Zhuyue Hongzhi Technology Development Partnership the controlling shareholder after acquiring 19.59% of total shares.
• *ST Huaxi Co., Ltd. (002630) reported abnormal trading fluctuations, with stock deviating over 12% for three consecutive days, raising concerns over potential delisting due to negative net assets.
• Jiangsu Yawei Machine Tool Co., Ltd. (002559) plans to issue 92,098,593 A-shares to raise approximately RMB 657.584 million for project construction and working capital.
• Yuexin Health Co., Ltd. (002162) will hold an extraordinary shareholders' meeting on June 22, 2026, to discuss the acquisition of a 75% stake in Simic Health Technology (Shanghai) Co., Ltd.
• Hangzhou Garden Co., Ltd. (300649) initiated civil litigation against two companies for unpaid project funds totaling approximately 53.13 million yuan.

Investors should closely monitor these developments as companies navigate restructuring efforts and regulatory challenges.