* ST Qixin: a false profit of about 1.785 billion yuan in five years may touch the situation of compulsory delisting in major violations of the law.

FAP, April 19 (FAP)-- on the same day, the company received a "notice of administrative penalty and market ban" issued by the Securities Regulatory Commission on the same day. [* ST Qixin: falsely increasing profits by about 1.785 billion yuan in five years or touching a major illegal compulsory delisting]. According to the "notice" to find out the facts suspected of breaking the law: there are false records in the company's periodic reports, and the total false increase in profits for five consecutive years from 2015 to 2019 is about 1.785 billion yuan, which will lead to negative net profits for five consecutive years after retroactive adjustment. The above-mentioned matters may touch upon the situation of compulsory delisting in major violations, and the shares of the company may be forced to be delisted in major violations. At present, the company is verifying the facts and financial data of the "notification letter" suspected of violating the law, and the final result is subject to the formal decision issued by the China Securities Regulatory Commission. The company's shares will be superimposed with delisting risk warnings from April 20, 2023.