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Further, Tianrui Instruments, which was also recently ST, also experienced a significant decline after its resumption of trading, because of the false record of financial indicators. There are indications that the risk brought by ST is not isolated, but a universal market phenomenon.

Funeng Oriental: Recently, it was put on file by the CSRC.Take Zhiyun as an example. Before the resumption of trading, its share price performed well in the market, and investors expect it to rise further. However, with the release of the notice of filing a case, all hopes were dashed in an instant. More statistics show that Zhiyun shares closed more than 420,000 lots in early trading, showing investors' panic and helplessness. In fact, the market is full of vigilance against such sudden ST stocks, because it not only means a short-term financial loss, but also a huge blow to future investment confidence.Since 2020, Zhiyun Co., Ltd. has gradually grown after acquiring Shenzhen Jiutian Zhongchuang Automation Equipment Co., Ltd., but all this has been returned to its original shape because of false confirmation of sales revenue. In the financial report of 2022, Jiutian Zhongchuang falsely confirmed the sales revenue with Jiangxi Mizan Technology Co., Ltd., which seriously affected the authenticity of Zhiyun's annual report. This dramatic turn has caught many optimistic investors off guard.

*ST Zhuo Lang: Touching a major violation of the law, facing mandatory delisting.*ST Zhuo Lang: Touching a major violation of the law, facing mandatory delisting.