ST JINKE: The China Securities Regulatory Commission has filed a case against the company's actual controller Huang Hongyun and the controlling shareholder Jinke Holdings

According to the Zhitong Finance APP, *ST JINKE (000656.SZ) announced that the actual controller Huang Hongyun and the controlling shareholder Chongqing Jinke Investment Holding (Group) Co., Ltd. (referred to as "Jinke Holdings") recently received the "Notice of Case Filing" issued by the China Securities Regulatory Commission. This is due to suspected violations of laws and regulations, including failing to disclose the risk of forced transfer of undisclosed stocks and failing to timely disclose changes in equity. According to relevant laws and regulations, the China Securities Regulatory Commission decided to file a case against Huang Hongyun and Jinke Holdings on March 27, 2025.

Upon self-examination by the parties involved, the case filing investigation involves the following two aspects: First, in 2022, Jinke Holdings and Huang Hongyun were unable to repurchase due to the inability to provide funds for margin calls after conducting pledged repurchase transactions with securities firms, resulting in forced liquidation of the pledged stocks by the relevant securities firms, leading to a passive reduction in their holdings of Jinke shares without prior disclosure of a reduction plan; second, after Huang Hongyun and Jinke Holdings terminated their concerted action relationship with the original concerted actors and reduced their holdings of the company's shares in 2022, Huang Hongyun and Jinke Holdings, as information disclosure obligors, failed to timely fulfill their obligation to disclose the equity change report