Dongxu Bluetec New Energy Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
Special Reminder:
- As of March 31, 2025, the closing price of the Company's stock has been below 1 RMB for 20 consecutive trading days. According to Article 9.2.1 and Article 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)" (hereinafter referred to as "Listing Rules"), companies listed on the Shenzhen Stock Exchange that only issue A-shares will have their stock delisted if the closing price is below 1 RMB for 20 consecutive trading days. Stocks that are delisted due to trading-related mandatory delisting circumstances will not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.
- According to Article 9.2.6 of the Listing Rules, companies listed on the Shenzhen Stock Exchange that only issue A-shares must disclose the fact on the next trading day before the market opens if their stock closing price has been below 1 RMB for 20 consecutive trading days. The Company's stock (stock abbreviation: *ST Dongxu, stock code: 000040) will be suspended from trading starting April 1, 2025 (Tuesday). Investors are advised to pay attention to investment risks.
- On May 8, 2024, the Company failed to disclose the 2023 annual report within the prescribed time, and on September 6, 2024, the Company and its controlling shareholder, Dongxu Group Co., Ltd., were investigated for suspected violations of information disclosure regulations. On March 15, 2025, the actual controller, Mr. Li Zhaoting, was also investigated for suspected violations. On March 28, 2025, the Company and relevant parties received the "Advance Notice of Administrative Penalty" (No. [2025] 7) issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission (CSRC). On the same day, Dongxu Group Co., Ltd. and Mr. Li Zhaoting received the "Advance Notice of Administrative Penalty" (No. [2025] 1) issued by the Hebei Regulatory Bureau of the CSRC. The final result of this administrative penalty will be based on the "Administrative Penalty Decision" issued by the CSRC, and investors are advised to pay attention to investment risks.
- As of March 5, 2025, the Company has non-operating fund occupation of 7.527 billion RMB that has not been recovered. The Company's stock resumed trading on March 7, 2025, and has since been subject to delisting risk warnings. As of the date of this announcement, the non-operating fund occupation remains at 7.527 billion RMB, with no substantial progress in recovery. Currently, there is no substantial repayment plan or clear timetable. According to Article 9.4.18 of the Listing Rules, if the Company fails to complete rectification within two months after the delisting risk warning is implemented, the Shenzhen Stock Exchange will decide to terminate the Company's stock listing. According to Article 9.1.6 of the Listing Rules, if a listed company has more than two circumstances leading to termination of listing, the stock will be terminated based on the principle of first occurrence.
- The Company disclosed the "2024 Annual Performance Forecast" on January 25, 2025, estimating a net loss attributable to shareholders of 300 million to 500 million RMB for the 2024 fiscal year. Given the significant uncertainty regarding the resolution of non-operating fund occupation and financial company deposit issues, the Company finds it difficult to estimate the exact amount of impairment losses. If full bad debt provisions are made for these two items, the maximum bad debt amount could reach approximately 9.6 billion RMB, which may lead to an increase in net losses for the 2024 fiscal year and a corresponding decrease in net assets at the end of 2024. Investors are advised to pay attention to investment risks.