000511SZSE

Risk Warning Announcement on Possible Termination of Company Stock Listing

Xitan Technology Co., Ltd.··2 pages

✨ AI Summary

This announcement informs investors of the risk of the company's stock being delisted due to negative net profits over three consecutive years. The company reported a net profit of approximately 96.64 million RMB for 2017, but received an audit report with a disclaimer of opinion. The Shenzhen Stock Exchange will decide on the delisting within fifteen trading days after the annual report disclosure.

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Full Translation

AI Translation· azure_openai

The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

  1. Due to the company's audited net profits being negative for three consecutive accounting years (2014, 2015, and 2016), according to Article 14.1.1 and Article 14.1.3 of the "Shenzhen Stock Exchange Stock Listing Rules (2014 Revision)" (hereinafter referred to as the "Listing Rules"), and the review opinions of the Shenzhen Stock Exchange Listing Committee, the company's stock was suspended from listing on July 6, 2017.

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