ST Xinchao faces delisting risk due to delayed report

Shandong Xinchao Energy Corporation (SSE:600777) has issued a risk warning regarding potential delisting due to delays in publishing its 2024 annual report and Q1 2025 report, originally scheduled for April 30, 2025. Trading in the company's shares has been suspended since May 6, 2025. According to Shanghai Stock Exchange (SSE) regulations, if the company fails to publish the 2024 annual report within two months of the trading halt, it will be subject to a delisting risk warning upon resumption of trading. Furthermore, if a majority of directors do not guarantee the truthfulness, accuracy, and completeness of the 2024 annual report within two months of the delisting risk warning implementation, the SSE may decide to terminate the company's listing. The company states it is working to complete the report and cooperating with its auditors.