Risk Warning Announcement Regarding Possible Termination of Company Stock Listing
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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On July 5, 2024, the company received a decision from the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission (CSRC) regarding corrective measures against Dongxu Lantian New Energy Co., Ltd. and Dongxu Group Co., Ltd. (Document No. [2024] 154), requiring the company to return non-operational funds of 7.796 billion yuan within six months of receiving the decision. The deadline for rectification expired on January 5, 2025, and the company failed to complete the rectification before the deadline, resulting in the suspension of its stock from January 6. As of March 5, the company has not recovered the non-operational fund occupation of 7.527 billion yuan, and the stock resumed trading on March 7, subject to delisting risk warning. As of the date of this announcement, the non-operational fund occupation remains at 7.527 billion yuan, with no substantial progress in recovery and no concrete repayment plan or timeline.
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According to Article 9.4.18 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if the company fails to complete rectification within two months from the date of the delisting risk warning, or if the controlling shareholder (or the largest shareholder if there is no controlling shareholder) and its related parties have other non-operational fund occupation situations, the Shenzhen Stock Exchange will decide to terminate the company's stock listing. Investors are reminded to pay close attention to the risk of possible termination of the company's stock listing.