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ST Xinhuajin: Applying to revoke part of the other risk warnings
ST Xinhua Jin Announcement, the company’s wholly-owned subsidiary Qingdao Jinyue Trading Co., Ltd. received 444 million yuan in funds from the restructuring administrator’s joint accounts, including 344 million yuan received by the joint account of Qingdao Rural Commercial Bank West Coast Branch, and 100 million yuan received by the joint account of Shanghai Pudong Development Bank Co., Ltd. Qingdao Xindu Branch. The purpose of the funds is noted as repaying the funds occupied by Xinhua Jin Group Co., Ltd. from Shandong Xinhua Jin International Co., Ltd. As of the date of this announcement, the non-operational capital occupation by Xinhua Jin Group and its related parties has been fully repaid, with a remaining balance of 0 yuan. The company has submitted an application to the Shanghai Stock Exchange, requesting the withdrawal of the other risk warning imposed due to the non-operational capital occupation of the company’s stock.