Shandong Hiking International Co.,Ltd. (600735.SH) announced that it has received an "Administrative Regulatory Decision on Ordering Rectification for Shandong Hiking International Co.,Ltd., Hiking Group Co.,Ltd., and Zhang Jianhua" (No. [2025]11) from the Qingdao Securities Regulatory Bureau. As of the disclosure date of the 2025 interim report, Hiking Group Co.,Ltd. and its related parties had a non-operating fund occupation balance of 406 million yuan from the company. All occupied funds should be returned within six months from the date of receiving the administrative regulatory decision.
As of the announcement disclosure date, Hiking Group and its related parties have not yet returned the occupied funds, with the non-operating fund occupation balance remaining at 406 million yuan. Hiking Group is actively advancing the equity transfer of Shandong Jimo Rice Wine Factory Co.,Ltd. Meanwhile, the company continues to urge Hiking Group to accelerate the revitalization and disposal of other assets, raise funds through multiple channels, and promptly settle the company's occupied funds.
According to Article 9.8.1 and other relevant provisions of the Shanghai Stock Exchange Stock Listing Rules (revised in April 2025), if the company fails to recover the occupied funds within one month, the company's stock will be subject to other risk warning. According to Article 9.4.1 and other relevant provisions of the Shanghai Stock Exchange Stock Listing Rules (revised in April 2025), if the company fails to recover the occupied funds within six months as required by the rectification order, the company's stock will be suspended from trading. If rectification is not completed within two months after suspension, the company's stock will be subject to delisting risk warning. If rectification is still not completed within another two months thereafter, the company's stock will be terminated from listing and trading.
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