Xinjiang Haoyuan seeks removal of risk warning

Xinjiang Haoyuan Natural Gas (SZSE:002700) announced it is seeking to have the Shenzhen Stock Exchange (SZSE) remove the "other risk warnings" currently applied to its stock. The application follows the resolution of issues that triggered the warnings, including the repayment of 53.14 million yuan in funds previously occupied by the former controlling shareholder and its affiliates, and the rectification of internal control deficiencies. Tianjian Certified Public Accountants issued a special audit report confirming the repayment. Zhongqin Wanxin Certified Public Accountants provided an audit report confirming that the company had eliminated any internal control deficiencies. The company also completed administrative penalties related to the violations. The board of directors approved the application on March 4, 2025. The stock will continue to trade normally pending the exchange's decision.