*ST Bangjie faces creditor's reorganization application amid delisting risks

Today, several companies on the Shenzhen Stock Exchange reported material events that could impact their operations and investor sentiment. Notably, *ST Bangjie Co., Ltd. is facing a creditor's application for reorganization, which could lead to delisting risks.

Earnings & Performance

• Merit Interactive Co., Ltd. (300766): The company released its 2025 annual audit report, with auditors issuing an unmodified opinion, confirming compliance with accounting standards.
• Fulin Precision Co., Ltd. (300432): The company also published its 2025 annual audit report, receiving an unqualified opinion from auditors.
• Shanghai YCT Electronics Group Co., Ltd. (301099): The company forecasts significant growth in net profit for H1 2026, driven by strong performance in automotive electronics and AI markets.

Deals & Restructuring

• Zhejiang Bangjie Holding Group Co., Ltd. (002634): The company received a notification from creditor Suzhou Huanxiuhu Zuguang regarding an application for corporate reorganization. The outcome remains uncertain, with potential delisting risks.
• Maple Medical Co., Ltd. (301033): The company is proposing to acquire 100% equity of Guangzhou Yijie Medical Technology Co., Ltd. through share issuance and cash payment, constituting a related party transaction.
• ST Nandu Co., Ltd. (300068): The company has received a notice from a creditor applying for pre-restructuring due to debt repayment issues, with the outcome still uncertain.
• Huakang Clean Co., Ltd. (301235): The company announced it won a bid for a semiconductor production project valued at RMB 1.956 billion, which is expected to positively impact future performance.

Dividends & Buybacks

• Huakang Clean Co., Ltd. (301235): The company announced the early redemption of its "Huayi Convertible Bonds" due to meeting redemption conditions, with a redemption price set at 100.24 RMB per bond.

Regulatory & Governance

• *ST Tianlong Co., Ltd. (300029): The company issued a sixth risk warning as its stock enters the delisting transaction period, urging investors to exercise caution.
• *ST Meizhi Co., Ltd. (002856): The company reported abnormal stock trading fluctuations and is undergoing out-of-court restructuring, facing delisting risks.
• *ST Hengjiu Co., Ltd. (002808): The company issued a fifth risk warning as its stock enters the delisting notification period, with only three trading days remaining.
• Shandong Mining Machinery Group Co., Ltd. (002526): The company responded to an audit inquiry regarding its share issuance application, addressing financial concerns including declining revenue and rising accounts receivable.

Other Notable Developments

• Suzhou Huaya Intelligence Technology Co., Ltd. (003043): The company announced the suspension of conversion and early redemption of its convertible bonds, urging investors to convert before the deadline.
• ST Longda Co., Ltd. (002726): The company announced its inability to repay the principal and interest of its convertible bonds, undergoing out-of-court restructuring.
• ST Yaguang Co., Ltd. (300123): The company is publicly recruiting restructuring investors to resolve debt issues and liquidity difficulties.
• Shanghai C&D INNOSTIC Medical Technology Group Co., Ltd. (301584): The company approved the acquisition of 100% equity in Shanghai Jinfu Ruiming Biotechnology Co., Ltd. for RMB 35.0668 million, aligning with its strategic expansion plans.