*ST Sailong faces delisting as Baibang Technology changes controlling shareholder

Today's market saw significant developments, particularly in ownership changes and delisting announcements. Notably, Baibang Technology Co., Ltd. has undergone a major shift in its controlling shareholder, while *ST Sailong Co., Ltd. is facing imminent delisting due to financial performance issues.

Earnings & Performance

• *ST Sailong Co., Ltd. (002898) received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to ongoing financial performance issues. The stock will enter a delisting period starting June 26, 2026, with the last trading day expected on July 16, 2026.
• Jiangxi Fuxiang Pharmaceutical Co., Ltd. (300497) forecasts a positive net profit for the first half of 2026, driven by increased production and sales of its products.

Deals & Restructuring

• Baibang Technology Co., Ltd. (300736) announced the completion of a share transfer, with DeLe Technology becoming the new controlling shareholder after acquiring 20.33% of the total equity. The transfer registration was finalized on June 17, 2026.
• Hangzhou High-tech Co., Ltd. (300478) proposed a private placement of A-shares to its controlling shareholder to raise capital amid operational challenges.
• Chongqing Xinlv Times Technology Co., Ltd. (301613) plans to issue shares and pay cash to acquire 100% of Honglian Electronics, valued at RMB 1,220 million.
• *ST Bangjie Co., Ltd. (002634) held its first creditors' meeting, approving a draft restructuring plan amid delisting risks due to negative net assets.

Regulatory & Governance

• Holitech Technology Co., Ltd. (002217) received a "Notice of Prior Administrative Penalty" from the Fujian Securities Regulatory Bureau for alleged information disclosure violations, potentially leading to fines and market entry restrictions.
• Capitalonline Data Service Co., Ltd. (300846) responded to an audit inquiry regarding its private placement application, addressing concerns about continuous operating losses and revenue structure.
• *ST Tianlong Co., Ltd. (300029) announced its stock will enter a delisting stage trading period from June 18, 2026, to July 9, 2026.

Other Notable Developments

• Offcn Education Technology Co., Ltd. (002607) reported that 42,109,200 shares held by a shareholder have been judicially frozen due to a loan dispute.
• Zhejiang Jiemei Electronic and Technology Co., Ltd. (002859) announced the early redemption of its convertible bonds effective June 23, 2026.
• Shenzhen Senior Technology Material Co., Ltd. (300568) set the public offering price for its H shares at HKD 8.98, with listing expected on June 23, 2026.