Special Reminder:
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After verification, it has been found that the controlling shareholder, Guangdong Junhao Equity Investment Holding Co., Ltd. (hereinafter referred to as "controlling shareholder" or "Guangdong Junhao"), has significantly occupied non-operational funds of the company. According to the Shenzhen Stock Exchange's Listing Rules 9.8.1, "If a listed company has any of the following circumstances, the Exchange will implement additional risk warnings on its stock trading: ... (1) the company has serious fund occupation." Article 9.8.2 states: "Serious fund occupation as mentioned in Article 9.8.1 (1) refers to the balance of funds occupied by the controlling shareholder or its related parties exceeding 10 million yuan, or more than 5% of the company's most recent audited net assets, with no feasible solution or a proposed solution that is expected to be unresolved within one month." The balance of funds occupied by the controlling shareholder or its related parties exceeds 10 million yuan and accounts for more than 5% of the company's most recent audited net assets, and it is expected to remain unresolved within one month. The company's stock has been subject to additional risk warnings since September 27, 2023. For details, please refer to the announcement disclosed by the company on September 27, 2023 (Announcement No.: 2023-063).
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The company and its actual controller, Mr. Lin Hongrun, received the "Decision on Corrective Measures Against Shenzhen Tiandi (Group) Co., Ltd. and Lin Hongrun" ([2024] No. 90) from the Shenzhen Securities Regulatory Bureau (hereinafter referred to as "Shenzhen CSRC") on May 10, 2024. For details, please refer to the announcement disclosed by the company on May 11, 2024 (Announcement No.: 2024-031). According to the "Shenzhen Stock Exchange Listing Rules (2024 Revision)" Chapter 9, Section 4, if the company fails to recover the occupied funds of 137 million yuan within six months as required by the corrective measures, the Shenzhen Stock Exchange will suspend trading of the company's stock. If the rectification is not completed within two months after the suspension, the Exchange will implement delisting risk warnings, and if not completed within another two months, the Exchange will decide to terminate the company's stock listing. Investors are reminded to pay close attention to the delisting risk. To complete the rectification, the company must recover all funds occupied by the controlling shareholder or its related parties. The company and all members of the board guarantee that the content of the announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.