ST Xinhuajin announced that due to the issuance of a negative audit report on the internal control of the 2025 financial report, other risk warnings have been implemented on the company's stock since April 27, 2026. Among them, other risk warnings relating to the non-operating capital occupation of Xinhuajin Group and its related parties have been removed, and the Shanghai Stock Exchange has withdrawn this part of the risk warning on May 8, 2026. The company will continue to improve the internal control system and raise the level of standardized governance. Furthermore, there is a risk that non-standard audit opinions will be issued in the 2026 audit report. Controlling shareholders and indirect controlling shareholders are proceeding with substantive mergers and restructuring, and there is uncertainty about whether the company's control will change.

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