ST Mingcheng: Fined 7.6 million yuan for violating disclosure rules, stock will continue to be subject to risk warning.

ST Mingcheng announced that the company received an "Administrative Penalty Decision" from the Hubei Regulatory Bureau on March 20, 2026. The company was found to have committed illegal acts such as failure to disclose related guarantees, false reporting in annual reports, failure to disclose arbitration information, and related party transactions. The company has been warned and fined 7.6 million yuan; related responsible persons such as Yi Rentao were also warned and fined. The company did not meet the mandatory delisting conditions for major violations, and its stock will continue to be subject to other risk warnings. The company will apply for revocation as soon as the conditions are met. The violations have been rectified and will not affect current and future operations.