ST Changyuan announced that the company and related personnel received the “Administrative Penalty Decision” issued by the Shenzhen Securities Regulatory Bureau. From July 2023 to January 2025, Wu Qiquan, the chairman and general manager at the time, arranged for the company to transfer funds to its controlling company through an advance payment method to repay personal debts, etc. The amount of non-operating capital expenditure accrued was 108,6.632 million yuan, and the company did not promptly disclose the related transaction. The Shenzhen Securities Regulatory Bureau decided to fine the company 1.6 million yuan, Wu Qiquan 1.8 million yuan, and Yao Ze 800,000 yuan. At present, the company has completed rectification, and Wu Qiquan and Yao Ze have all left their jobs.

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