---
title: "ST SGSG: The company and relevant parties have received a notice of administrative penalty"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252203750.md"
description: "On August 8th, *ST SGSG announced that the company and relevant parties received an administrative penalty advance notice from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission. It was found that the company did not truthfully disclose that its annual operating income after deductions was less than 100 million yuan in the 2024 performance forecast. According to the investigation results, Huijin Technology and the relevant responsible persons will be warned and fined, with Huijin Technology being fined 2 million yuan, Chairman Chen Zhe and General Manager Ma Detao each fined 1.5 million yuan, and Chief Financial Officer Sun Yuling fined 1 million yuan"
datetime: "2025-08-08T10:08:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252203750.md)
  - [en](https://longbridge.com/en/news/252203750.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252203750.md)
generator: "portal-rs"
---

# ST SGSG: The company and relevant parties have received a notice of administrative penalty

On August 8th, \*ST SGSG announced that the company and relevant parties received an advance notice of administrative penalties from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission. It was found that the company did not truthfully disclose that its annual revenue after deductions was less than 100 million yuan in the 2024 performance forecast. According to the investigation results, Huijin Technology and the relevant responsible persons will be warned and fined, with Huijin Technology being fined 2 million yuan, Chairman Chen Zhe and General Manager Ma Detao each fined 1.5 million yuan, and Chief Financial Officer Sun Yuling fined 1 million yuan

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**