*ST Qingyue (stock name) has disclosed receipt of the China Securities Regulatory Commission's "Advance Notice of Administrative Penalties," revealing dual violations of fabricating material falsehoods in its securities issuance documents and submitting inaccurate information in its periodic reports. This development has formally opened a compensation channel for affected investors seeking recourse for their losses.

Investors who purchased shares between December 28, 2022, and October 31, 2025, and continued to hold or sold them on or after November 1, 2025, are eligible to participate in claims. This applies to both individual and institutional investors.

The company, positioning itself as a provider of integrated solutions for IoT terminal displays, has dedicated over a decade to innovation and growth since its inception. It achieved a milestone by listing on the Shanghai Stock Exchange's STAR Market in December 2022, having previously earned recognition as a leading high-tech enterprise. Under the Shenwan industry classification (2021), the company operates within the electronics—optoelectronics—panel sector.

On September 2, 2026, the company publicly disclosed the regulatory notice. Following the announcement of the investigation results, the company's share price has shown corresponding market movements, reflecting the severity of the identified issues.

Specifically, the regulatory findings detailed two primary violations: first, the securities issuance documents published by the company contained significant fabricated content; and second, the company failed to disclose material matters as required, with false records found in its 2022 annual report and the first half of 2023 interim report. These findings underscore the extent of the compliance failures that triggered the enforcement action.