ST ALLWILL TELECOM: The company's stock trading is subject to additional risk warnings

Zhitong
2025.09.25 10:56

*ALLWILL TELECOM announced that on December 10, 2024, the legal representative and chairman of its controlling subsidiary Wuxi Donghexin, Li Dong, exceeded his authority by issuing a "Joint Guarantee Letter" in the name of Wuxi Donghexin to Zhongcai Investment Group Commercial Factoring Co., Ltd. without the deliberation and decision of the board of directors and shareholders' meeting, providing joint liability guarantee for Dongtai Dongfeng Haoxin Material Technology Co., Ltd. for financing of 50 million yuan from Zhongcai Factoring. The issuance of the above "Guarantee Letter" did not comply with the company's board of directors and shareholders' meeting deliberation procedures and information disclosure obligations, constituting a violation of regulations on providing external guarantees. The principal amount of the guarantee is 50 million yuan, accounting for 18.55% of the company's most recent audited net assets attributable to shareholders. According to relevant regulations, the company's stock will be subject to additional risk warnings starting from September 26, 2025, with the stock abbreviation remaining as "*ALLWILL TELECOM" and the securities code remaining as "002231", with a daily price fluctuation limit of 5%

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