*ST Lingnan faces potential delisting as management implements operational measures

Today's market saw significant developments, particularly concerning *ST Lingnan Co., Ltd. (002717), which is facing potential delisting due to negative financial indicators. Other notable announcements include Huakang Clean Co., Ltd. (301235) announcing the early redemption of its convertible bonds.

Earnings & Performance

• *ST Lingnan Co., Ltd. (002717): The company issued a third risk warning regarding potential delisting due to negative net assets and profits, alongside adverse audit opinions. Management is taking steps to improve operations and rectify financial irregularities.

Deals & Restructuring

• Huakang Clean Co., Ltd. (301235): Announced the early redemption of its "Huayi Convertible Bonds" due to meeting redemption conditions. The last trading day for these bonds is July 23, 2026, with unconverted bonds redeemable at 100.24 yuan per unit.
• Wuzhou Medical Co., Ltd. (301234): The company is in the process of acquiring assets through a combination of share issuance and cash payments, involving related party transactions. This transaction is subject to further audits and regulatory approvals.

Regulatory & Governance

• ST Changfang Co., Ltd. (300301): Issued corrected financial statements for 2020 following an administrative penalty, addressing accounting errors that overstated profits and receivables.
• *ST Dongjing Co., Ltd. (002199): Responded to the Shenzhen Stock Exchange regarding its annual report inquiry, clarifying its financial position after four consecutive years of net losses.
• ST Cuihua Co., Ltd. (002731): Announced abnormal stock trading fluctuations and is under investigation by the CSRC for potential information disclosure violations.
• ST Longda Co., Ltd. (002726): Announced a pre-restructuring process initiated by the court, urging creditors to declare claims by August 24, 2026.

Other Notable Developments

• COL Digital Publishing Group Co., Ltd. (300364): Reported a major arbitration ruling in its favor, ordering a company to pay RMB 50 million in a share repurchase dispute.
• Sirio Pharma Co., Ltd. (300791): Announced the activation of a put option for its convertible bonds due to stock price performance, allowing bondholders to exercise their rights from July 24 to July 30, 2026.
• *ST King Kong Co., Ltd. (300093): Signed major contracts for AI computing power services valued at RMB 614.4 million, expected to positively impact future performance.
• Wuzhou Medical Co., Ltd. (301234): Announced a significant share transfer agreement involving 8,028,845 shares, representing 11.8071% of total share capital, pending regulatory approval.
• Huayang International Group (002949): Announced the maturity redemption and delisting of its convertible bonds, with the last trading day set for July 24, 2026.