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In recent years, the supervision of the A-share market has been continuously strengthened. According to the securities law, the stock exchange has the right to give a risk warning to the company when it commits major violations of laws and regulations. This risk warning is usually presented to the public in the form of ST, aiming at reminding investors of potential investment risks. Statistics show that the number of companies that have been ST or *ST reached 76 during the year, setting a record high. Many of these companies have been investigated by regulators for financial fraud or insider trading.*ST Zhuo Lang: Touching a major violation of the law, facing mandatory delisting.Funeng Oriental: Recently, it was put on file by the CSRC.

Zhiyun shares: due to financial fraud, it was suspended by ST and resumed trading.In recent years, the supervision of the A-share market has been continuously strengthened. According to the securities law, the stock exchange has the right to give a risk warning to the company when it commits major violations of laws and regulations. This risk warning is usually presented to the public in the form of ST, aiming at reminding investors of potential investment risks. Statistics show that the number of companies that have been ST or *ST reached 76 during the year, setting a record high. Many of these companies have been investigated by regulators for financial fraud or insider trading.Although the overall trend of A-shares is still stable and bull stocks emerge one after another, investors must remain vigilant, be familiar with the risks behind them and adjust their investment strategies in time.

Funeng Oriental: Recently, it was put on file by the CSRC.*ST Zhuo Lang: Touching a major violation of the law, facing mandatory delisting.Zhiyun shares: due to financial fraud, it was suspended by ST and resumed trading.