000413SZSE

Announcement on the Tenth Risk Warning Regarding Possible Termination of Listing Due to Stock Price Falling Below Par Value

ST Xudian Co., Ltd.··4 pages

✨ AI Summary

This announcement serves as a risk warning that Dongxu Optoelectronics Co., Ltd. has seen its A and B shares close below 1 RMB for 18 consecutive trading days as of August 12, 2024. If this trend continues for 20 trading days, the Shenzhen Stock Exchange may terminate the company's stock listing. Investors are advised to be aware of the investment risks involved.

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Full Translation

AI Translation· azure_openai

Special Reminder:

  1. As of August 12, 2024, Dongxu Optoelectronics Co., Ltd. (hereinafter referred to as "Dongxu Optoelectronics" or "the Company") has seen its A and B shares close below 1 RMB for 18 consecutive trading days. According to Article 9.2.1, Paragraph 1, Item (5) and Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, if a company issues both A and B shares and both close below 1 RMB for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. Stocks that are terminated due to trading-related mandatory delisting will not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.
  2. According to Article 9.2.4, Item (2) of the Shenzhen Stock Exchange Listing Rules, if a company issues both A and B shares and both close below 1 RMB for 10 consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of its stock listing before the next trading day opens, and continue to disclose this warning daily until the situation is resolved or the termination occurs (whichever comes first). Investors are advised to pay attention to investment risks.

I. Reasons for Possible Termination of Listing

According to Article 9.2.1, Paragraph 1, Item (5) and Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, if a company issues both A and B shares and both close below 1 RMB for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of August 12, 2024, the closing prices of the Company's A and B shares have been below 1 RMB for 18 consecutive trading days, indicating a risk of termination of listing due to the stock price falling below par value. The Company and all members of the Board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

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