*ST Tianlong's delisting review accepted; Yuan Dao faces potential major violation delisting

Today's market saw critical developments for several companies, particularly concerning regulatory challenges and financial performance. Notably, *ST Tianlong Co., Ltd. and Yuan Dao Communications Co., Ltd. are under scrutiny, which could impact investor sentiment.

Regulatory & Governance

• Yuan Dao Communications Co., Ltd. (301139): The company received a notice from the CSRC regarding potential delisting due to alleged financial data misrepresentation in annual reports. It is cooperating with the investigation and advises investors to monitor future announcements.
• *ST Tianlong Co., Ltd. (300029): The company has applied for a review of its delisting decision, which was accepted by the SZSE. A hearing is scheduled for July 2, 2026, but the delisting decision remains in effect during this period.

Other Notable Developments

• Zhejiang Jiemei Electronic and Technology Co., Ltd. (002859): Announced the last day for converting "Jiemei Convertible Bonds" into shares is June 22, 2026, with compulsory redemption set for June 23, 2026, at 101.266 yuan per bond. Investors are urged to convert to avoid losses.
• *ST Meizhi Co., Ltd. (002856): Issued a risk warning due to abnormal stock trading fluctuations and is undergoing an out-of-court restructuring process, facing potential delisting risks.
• *ST Huawen Co., Ltd. (000793): Announced the progress of its capital reserve to share capital transfer as part of its restructuring plan, with trading resuming today at an adjusted price of 2.51 RMB/share.
• Guangdong Shenling Environmental Systems Co., Ltd. (301018): Received an unqualified audit opinion for 2025, confirming its financial statements are in accordance with accounting standards. The company is also addressing inquiries related to its convertible bond issuance.
• Shenzhen Microgate Technology Co., Ltd. (300319): Reported abnormal stock trading fluctuations, clarifying that current progress with Nvidia is limited and does not significantly impact performance.
• Xinning Logistics Co., Ltd. (300013): Announced a favorable ruling in a major litigation case, ordering the defendant to pay over RMB 64 million, although the ruling is not yet effective.
• *ST Yingfei Co., Ltd. (002528): Reported a partial debt default totaling RMB 29.3 million, representing 25.99% of its audited net assets for 2025, and is in communication with creditors.
• Beijing Fengjing Automotive Parts Co., Ltd. (002662): Completed the first phase of its 2GWh lithium battery project, achieving mass production readiness and entering customer negotiations.

Investors should remain vigilant regarding these developments, particularly those involving regulatory scrutiny and potential financial impacts.