Last night, shaanxi broadcasting network media group inc. (sos: st widenet, code: 600831), announced that the company's shares would officially withdraw other risk alerts effective 10 november 2025. At that time, the abbreviation of stock a would be changed from “st-wide” to “wide”, and the security code would remain unchanged。
According to the announcement, the stock of the company will be closed for one day on 7 november 2025 and will be traded again on 10 november. With the withdrawal of the risk alert, the company's shares will be transferred out of the risk alert board and the daily rise/down limit will be restored from 5 to 10 per cent。
Other risk warnings were issued in july 2024, when the company received a advance notice of administrative penalties from the china csrc sunxi supervisory authority. Since then, the company has been active in overhauling and has met all the conditions for applying to withdraw the risk alert。
Specifically, it is 12 months since the csrc issued its decision on administrative penalties。
Second, the company has retroactively restated the financial accounting reports involved, completed accounting errors for the 2022 financial report and complied with the corresponding procedures for consideration by the board of directors, the board of supervisors and the general meeting of shareholders。
In addition, in a dispute over liability for false statements of securities brought against some investors, the company had in its 2025 semi-annual report raised projected liabilities in full in respect of 81 filed claims totalling $6,176,300。
After self-checking, the company confirmed that there were no other circumstances that touched other risk warnings. On 9 october 2025, the company's board of directors considered and submitted the application for withdrawal of the risk alert. The application was previously approved by the shanghai stock exchange。
