finally! Well-known LED company successfully removed its hat and resumed trading on the 16th

ST Mingjiahui announced on the evening of June 14 that the company's shares will be suspended for one day from the opening of the market on June 15, 2026, and will resume trading from the opening of the market on June 16. Since June 16, the company's stock has been revoked "other risk warning", the stock abbreviation has been changed from "ST Mingjiahui" to "Mingjiahui", the securities code remains unchanged, still "300506", and the daily price limit is still 20%.

The company had previously had negative net profits before and after deductions for the last three fiscal years, whichever was lower, and the 2023 financial report was issued an unqualified audit report with a section highlighting matters and a section on major uncertainties in continuing operations. The stock has been subject to other risk warnings since April 29, 2024. After the disclosure of the 2024 annual report, because the 2024 financial report was still issued an unqualified audit report with a paragraph of significant uncertainty about going concern, the company's stock continued to be subject to other risk warnings.

Mingjiahui stated that according to the special explanation issued by the accounting firm, the impact of the matters with significant uncertainty about continuing operations in the company's 2024 annual audit report has been eliminated, and the 2025 annual financial report has been issued a standard unqualified audit report.

After self-examination one by one, the company believes that there are no other risk warnings and delisting risk warnings, and the application for canceling other risk warnings has been reviewed and approved by the Shenzhen Stock Exchange.

Information shows that Mingjiahui's main business is landscape lighting engineering business, including the design and construction of lighting projects and the research and development, production and sales of related lighting products.

In 2025, Mingjiahui achieved operating income of 180 million yuan, a year-on-year increase of 53.83%, and the net profit loss attributable to the parent company narrowed to 68 million yuan; in the first quarter of 2026, the company's operating income was 10.7516 million yuan, and the net profit loss attributable to the parent company was 12.8304 million yuan. The company stated that 2025 is a key turning year for the company to get rid of its operating difficulties and achieve reorganization and rebirth. After the completion of bankruptcy and reorganization, the company's debt risk has been effectively resolved, and the asset-liability ratio at the end of 2025 dropped from 87.79% in the previous year to 12.61%. The company's controlling shareholder was changed to Xinyu Lingjiu Investment Management Center, and the actual controller was changed to Wu Liqun.

In the 2025 annual report, Mingjiahui also stated that in 2025, it will promote the company's upgrade from a traditional lighting engineering service provider to a digital low-carbon technology group of "smart lighting + Internet of Things platform + scenario-based solutions", and build a full-chain ecosystem of "technology research and development + advanced manufacturing + operational services + capital operation". It has now achieved the phased goals of successfully implementing the reorganization procedures, gradually improving operating conditions, and gradually clarifying the direction of transformation.

Since the beginning of this year, Mingjiahui has disclosed multiple announcements regarding major lawsuits.

Some time ago, Mingjiahui successively sued two urban management bureaus. On May 12, Mingjiahui announced that it had filed a lawsuit with the People's Court of Jinghu District, Wuhu City, Anhui Province due to a construction contract dispute with the Qingdao West Coast New Area Urban Management Bureau. The total amount of the case was 187 million yuan. The plaintiff requested that the defendant be ordered to pay 142 million yuan for the project and 44.97 million yuan in interest. The case was heard in court on May 25, 2026.

It was continued to be disclosed on June 3 that due to a construction contract dispute with the Suzhou District Urban Management Bureau of Jiuquan City, a lawsuit has been filed with the People's Court of Suzhou District, Jiuquan City. The case was filed on June 2 and will be heard in court on June 26. The total amount involved is 19.2675 million yuan.

In addition, Mingjiahui also disclosed the progress of other litigation and arbitration cases on June 10. The defendants/respondents are Wuhu Cultural Tourism Investment Co., Ltd. and Foshan Chancheng District Urban Management Comprehensive Service Center.