Securities Code: 300301
Securities Abbreviation: ST Changfang
Announcement No.: 2026-058
Shenzhen Changfang Group Co., Ltd.
Announcement on Revocation of Partial Other Risk Warning and Continued Implementation of Other Risk Warning
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Important Notice:
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Pursuant to Article 9.11 of the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "Listing Rules"), Shenzhen Changfang Group Co., Ltd. (hereinafter referred to as the "Company") has retrospectively restated its financial accounting reports for the relevant year regarding the matters involved in the administrative penalty decision. Furthermore, twelve months have passed since the date of the administrative penalty decision issued by the China Securities Regulatory Commission. The Company's application to revoke certain other risk warnings for its stock trading has been reviewed and approved by the Shenzhen Stock Exchange.
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As of the date of this announcement, the circumstances that led to the Company being subject to other risk warnings in the past have not been entirely eliminated. Following the revocation of certain other risk warnings for its stock trading, the Company will continue to be subject to other risk warnings, and the daily price fluctuation limit for the Company's stock will remain unchanged. Investors are kindly advised to make rational decisions and be aware of investment risks.
I. Circumstances of the Company's Stock Trading Being Subject to Other Risk Warnings
- On January 10, 2025, the Company received the "Notice of Prior Administrative Penalty" (2025) No. 1 issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "Shenzhen Bureau"). According to the findings in the "Notice of Prior Administrative Penalty," the Company's controlling subsidiary, Changfang Group Kangmingsheng (Shenzhen) Technology Co., Ltd., inflated profits and accounts receivable through methods such as not booking sales rebates, but this did not constitute a major violation leading to mandatory delisting. Pursuant to Article 9.4, subparagraph (VII) of the "Listing Rules," the Company's stock trading was subject to other risk warnings starting from January 13, 2025.
On June 27, 2025, the Company received the "Administrative Penalty Decision" (2025) No. 6 issued by the Shenzhen Bureau, which confirmed the circumstances identified in the "Notice of Prior Administrative Penalty."