ST Hongda: The company and senior executives, including the former chairman, received warning letters due to violations such as concealing related transactions worth 72.81 million yuan.

On December 2nd, ST Hongda issued an announcement regarding receiving a warning letter from the Shanghai Securities Regulatory Bureau. The announcement stated that the company recently received a decision (Hushangjianjue [2025] 251) issued by the China Securities Regulatory Commission Shanghai Regulatory Bureau to issue a warning letter to Shanghai Hongda New Materials Co., Ltd., Huang Jun, Xu Guoxing, and Wang Yanjie.