Gelonghui, May 10 | ST Modern (002656.SZ) announced that due to the company's original controlling shareholder and actual controller providing guarantees in the name of the company and subsidiary in violation of the prescribed procedures, according to the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules”, the company's stock trading was subject to other risk warnings from the opening of the market on January 13, 2020. The company's stock abbreviation was changed from “Modern Avenue” to “ST Modern”. The stock code is still “002656,” and the stock trading rate is limited to 5% on the day.
As CITIC Certified Public Accountants (Special General Partnership) (hereinafter referred to as “CITIC”) issued an internal control audit report that could not express an opinion on the company, according to section 9.8.1 (4) of Chapter 9 Section 8 of the “Shenzhen Stock Exchange Stock Listing Rules”, the company was exposed to a situation where “other risk warnings” were implemented, and other risk warnings were implemented on the company's shares since the opening of the market on June 30, 2023.
The company's former controlling shareholder had a non-operating capital occupation matter. According to the “Shenzhen Stock Exchange Stock Listing Rules” and other relevant laws and regulations, the company faced a situation where “other risk warnings” were implemented.
After being combined with other risk warnings, the stock abbreviation is still “ST Modern”, the stock code is still “002656,” and the stock trading day is limited to 5%. This time, in addition to other risk warnings, trading of the company's shares will not be suspended.