000413SZSE

Sixth Risk Warning Announcement Regarding Possible Termination of Stock Listing Due to Price Below Par Value

ST Xudian Co., Ltd.··4 pages

✨ AI Summary

This announcement serves as a sixth risk warning regarding the potential termination of listing for Dongxu Optoelectronics due to its stock price falling below 1 RMB for fourteen consecutive trading days. The company has been in violation of Shenzhen Stock Exchange rules, which could lead to delisting if the situation persists. Investors are advised to be cautious of the investment risks involved.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Special Reminder:

  1. As of August 6, 2024, the closing prices of Dongxu Optoelectronics Co., Ltd. (hereinafter referred to as "Dongxu Optoelectronics" or "the Company") A and B shares have been below 1 RMB for fourteen 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 the closing prices of both are below 1 RMB for twenty consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. Stocks that are delisted due to trading-related mandatory delisting conditions 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 the closing prices of both are below 1 RMB for ten 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 of listing occurs (whichever comes first). Investors are advised to pay attention to investment risks.

I. Reasons for Possible Termination of Stock 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 the closing prices of both are below 1 RMB for twenty consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of August 6, 2024, the closing prices of the Company's A and B shares have been below 1 RMB for fourteen consecutive trading days, indicating a risk of termination of listing due to the stock price being below par value. The Company and all members of the Board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.