Changchun North Five Ring Industrial Co., Ltd. anticipates continued losses for the year 2002, following significant losses in 2000 and 2001. The company reported a net profit of -25.39 million yuan in 2001 and expects to face operational difficulties. If restructuring fails and losses persist into the first half of 2003, the company may face delisting. The board warns investors to be aware of investment risks.
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The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and bear responsibility for any false records, misleading statements, and significant omissions in the announcement.
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