Since the private placement, the dealer of *ST Jintai has been raising the stock price by virtue of the market expectation generated by the private placement of 8 billion shares. Before August 3 1, it was difficult to open *ST Jintai Energy, and a huge number of orders sealed the daily limit, so retail investors could not buy the stock, which led to the "spectacle" of 42 consecutive daily limit. It is worth noting that *ST Jintai's shrinking daily limit is so perfect, and the total daily trading volume is at best several hundred thousand shares, but at most several million shares. However, among more than 40 daily limit boards, the dealer once opened the daily limit board in about four days in 17 yuan and 18 yuan, and the main force successfully delivered the goods in time at a very low cost.

However, the situation suddenly changed. On August 3 1 day, the banker of *ST Jintai still went his own way. After the daily limit opened, the stock changed from daily limit to daily limit in just three minutes. A total of 1 1482600 shares were closed at the daily limit. On September 3rd, *ST Jintai was suspended at the opening, and 136300 shares were traded all day, with a turnover rate of only 0. 17%. Yesterday, *ST Jintai once again opened at the daily limit price of 2 1.70 yuan, with 84,700 shares traded throughout the day, and the selling order hanging on the daily limit was as high as 22,502,700 shares, and the turnover rate further dropped to 0. 1%.

Some market participants pointed out that Zhuang Jia of *ST Jintai pulled 42 daily limit boards, and after opening the daily limit parts near 17 yuan and 18 yuan for profit transfer, the director staged a daily limit play. The banker's main purpose is to shake positions, wash the floating chips of small retail investors and small institutions, and once again absorb chips on dips. It is unlikely that the fundamentals of *ST Jintai will change in the future, and the adjusted issuance plan will be the key to its stock price trend. The 5.2 million shares held by Sun Hengji were frozen.

Today, *ST Jintai announced that the company borrowed 64.2 million yuan from ICBC Jinan High-tech Sub-branch before listing, because it could not repay it on time. In 2003, after consultation with Jinan High-tech Sub-branch of ICBC, when the company solved the above loan by "borrowing the new and returning the old", the new Henderson Land Group Company assumed joint and several guarantee responsibilities. As the loan has not been repaid, the above creditors are in court with *ST Jintai.

A few days ago, the Higher People's Court of Shandong Province made the following ruling on the case of Industrial and Commercial Bank of China Jinan High-tech Industrial and Commercial Bank v. *ST Jintai and Xinhengji Real Estate Loan Guarantee Contract Dispute, and frozen 5.2 million shares of the executed person *ST Jintai for a period of one year. During the freezing period, the procedures of equity transfer and pledge shall not be handled, and dividends shall not be paid. In this regard, the deposit of RMB 4.062 million opened by Sun Henderson Land in Xiaoyun Road Sub-branch of China Bank Beijing Branch was deducted to the account of Shandong High Court, which was opened by Jinan Heihuquan Road Sub-branch of China Everbright Bank.

*ST Jintai also explained various questions about private placement, such as the suspension of some injected assets and the high selling price of Sun Hengji's injected assets. After written verification with the major shareholders, the relevant matters have not yet reached the information disclosure standard, so the relevant matters will not be disclosed for the time being. Some investors strongly demand that *ST Jintai Company announce the completion of audit, evaluation and other work as soon as possible, and hold a board meeting to discuss specific plans and issue a notice to convene a shareholders' meeting, otherwise it will be irresponsible to investors.