---
title: "ST GUANDIAN stock is subject to additional risk warnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247546044.md"
description: "ST GUANDIAN will be subject to additional risk warnings from the Shanghai Stock Exchange starting July 8, 2025, due to the company and its actual controller Gao Ming receiving the \"Advance Notice of Administrative Penalty\" from the China Securities Regulatory Commission, involving false records of financial indicators in the annual report. The company's stock abbreviation remains \"*ST GUANDIAN,\" with the code \"688287.\" The stock's price fluctuation limit is maintained at 20%, it will not be suspended, and it will continue to trade on the risk warning board"
datetime: "2025-07-07T23:14:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247546044.md)
  - [en](https://longbridge.com/en/news/247546044.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247546044.md)
---

# ST GUANDIAN stock is subject to additional risk warnings

According to the announcement from Zhitong Finance APP, \*ST GUANDIAN (688287.SH) announced that the company and its actual controller, Mr. Gao Ming, received the "Notice of Administrative Penalty Pre-Disclosure" (No. \[2025\] 5) issued by the Beijing Regulatory Bureau of the China Securities Regulatory Commission on July 7, 2025. For specific details, please refer to the company's announcement titled "Announcement on Receiving the " disclosed on July 8, 2025 (Announcement No.: 2025-034). According to Article 12.9.1, Paragraph 1, Item (7) of the "Listing Rules": "Based on the facts stated in the administrative penalty pre-disclosure notice from the China Securities Regulatory Commission, the financial indicators disclosed in the company's annual report contain false records, but do not involve the circumstances specified in Article 12.2.2, Paragraph 1 of these rules. The aforementioned financial indicators include operating income, total profit, net profit, and asset or liability items in the balance sheet;” the company's stock will be subject to additional risk warnings from the Shanghai Stock Exchange starting July 8, 2025.

After the implementation of additional risk warnings, the company's stock abbreviation will remain as "\*ST GUANDIAN," and the stock code will still be "688287." Since the company has been subjected to delisting risk warnings and other risk warnings, during the period of delisting risk warnings and other risk warnings, the company's stock will not enter the risk warning board for trading on the Shanghai Stock Exchange, and the relevant regulations for trading on the risk warning board do not apply. The price fluctuation limit for the company's stock remains unchanged at 20%. The company's stock will not be suspended, and it will continue to trade on the risk warning board

### Related Stocks

- [688287.CN](https://longbridge.com/en/quote/688287.CN.md)

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