000585SZSE

Risk Warning Announcement Regarding Company A Shares Trading Below Par Value

Dongdian Tui Co., Ltd.·March 30, 2022·2 pages

✨ AI Summary

Northeast Electric Development Co., Ltd. announces that its A shares closed below the par value of RMB 1 on March 30, 2022. If the shares remain below this threshold for 20 consecutive trading days, it may trigger mandatory delisting. The company has reported negative net profit and low revenue, leading to potential financial delisting risks. The shares were suspended from trading on March 31, 2022.

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Full Translation

AI Translation· azure_openai

Risk Warning Announcement Regarding Company A Shares Trading Below Par Value

Northeast Electric Development Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

As of the close on March 30, 2022, the closing price of the Company's A shares was below the par value of RMB 1. The relevant situation is announced as follows:

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