Stock Code: 000413, 200413
Stock Abbreviation: ST Dongxu, ST Dongxu B
Announcement Number: 2024-066
Dongxu Photovoltaic Technology Co., Ltd. announces the progress regarding the non-operating fund occupation by its controlling shareholder.
Special Reminder:
- Due to the non-operating fund occupation by Dongxu Photovoltaic Technology Co., Ltd. (hereinafter referred to as "Dongxu Photovoltaic" or "the Company") and the issuance of a negative opinion in the internal control audit report for the year 2023, in accordance with Article 9.8.1 (1) and (4) and Article 9.8.2 of the Shenzhen Stock Exchange Listing Rules, the trading of the Company's stock has been subject to "other risk warnings" since July 9, 2024. The stock abbreviation has changed to "ST Dongxu, ST Dongxu B," while the stock codes remain unchanged as "000413, 200413."
- According to Article 9.8.5 of the Shenzhen Stock Exchange Listing Rules, during the period of other risk warnings due to the situation described in Article 9.8.1 (1), the Company must disclose progress announcements at least once a month regarding the resolution of the fund occupation until the situation is resolved.
- In accordance with the second paragraph of Article 9.4.4 of the Shenzhen Stock Exchange Listing Rules, after disclosing a risk warning announcement as per the first paragraph of Article 9.4.4 (6), the Company must disclose relevant progress and risk warning announcements at least every ten trading days until the situation is resolved or the stock trading is subject to delisting risk warnings by the Shenzhen Stock Exchange.
- On September 20, 2024, the Company received a decision from the Shenzhen Stock Exchange regarding the termination of its stock listing (Shenzhen Stock Exchange [2024] No. 775). The Shenzhen Stock Exchange has decided to terminate the listing of the Company's stock. According to Articles 9.1.15 and the second paragraph of Article 9.6.10 of the Shenzhen Stock Exchange Listing Rules (2024 Revision), the Company's stock has been subject to mandatory delisting conditions and will be delisted within fifteen trading days after the decision is made, without entering a delisting adjustment period.
1. Progress of Non-Operating Fund Occupation by Controlling Shareholder
The Company has a non-operating fund occupation by its controlling shareholder, Dongxu Group Co., Ltd. (hereinafter referred to as "Dongxu Group"). The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.