Pan Hai Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- As of December 27, 2023, the closing price of the Company's stock has been below 1 RMB per share for 20 consecutive trading days (from November 30, 2023, to December 27, 2023), triggering the mandatory delisting conditions as per Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules. The Company's stock may be terminated from listing on the Shenzhen Stock Exchange. According to Article 9.2.4 of the Shenzhen Stock Exchange Listing Rules, the Company's stock will be suspended from trading starting December 28, 2023 (Thursday).
- According to Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, stocks that are terminated from listing due to mandatory delisting conditions will not enter a delisting adjustment period. Therefore, if the Company's stock is subsequently terminated from listing by the Shenzhen Stock Exchange due to the aforementioned mandatory delisting conditions, it will not enter a delisting adjustment period. Investors are advised to invest rationally and pay attention to risks.
Reasons for Possible Termination of Company Stock Listing
According to Article 9.2.1, Clause (4) of the Shenzhen Stock Exchange Listing Rules, companies that only issue A-shares or B-shares and have a daily closing price below 1 RMB per share for 20 consecutive trading days will have their stocks terminated from listing on the Shenzhen Stock Exchange. As of December 27, 2023, the Company's stock has been below 1 RMB per share for 20 consecutive trading days (from November 30, 2023, to December 27, 2023), and the Company's stock will be terminated from listing on the Shenzhen Stock Exchange.