Shenzhen Xindu Hotel Co., Ltd. announces that the company and all members of the board guarantee the authenticity, accuracy, and completeness of the announcement content, with no false records, misleading statements, or significant omissions.
- The company's stock has been decided to be terminated from listing by the Shenzhen Stock Exchange and will be delisted on July 7, 2017.
- On May 17, 2017, the company received the decision from the Shenzhen Stock Exchange regarding the termination of its stock listing (Shenzhen Stock Exchange [2017] No. 311).
According to Article 14.4.28 of the "Shenzhen Stock Exchange Stock Listing Rules (2014 Revision)," the company must promptly complete related work after the stock is delisted to ensure that its shares can enter the National Equities Exchange and Quotations system for transfer within 45 trading days after the delisting period ends. The relevant details are as follows:
1. Types of Securities for Delisting
| Securities Type | Securities Code | Securities Abbreviation | Delisting Decision Date | Delisting Date |
|---|---|---|---|---|
| RMB Common Stock | 000033 | Xindu Tui | May 16, 2017 | July 7, 2017 |
2. Main Content of the Delisting Decision
The company’s stock was suspended from listing since May 21, 2015, due to unqualified audit reports for the financial statements of 2013 and 2014. After disclosing the 2015 annual report, the company applied for resumption of listing, which was accepted. On April 25, 2017, the Shenzhen Stock Exchange received further explanations from the company’s auditing firm regarding the 2015 regular profit and loss data, indicating that the adjusted net profit for 2015 was negative. On April 28, 2017, the company’s sponsor, GF Securities Co., Ltd., withdrew its sponsorship documents related to the resumption of listing application.