Securities Code: 000587
Securities Abbreviation: *ST Jinzhu
Announcement Number: 2023-001
Jinzhu Cihang Group Co., Ltd.
Risk Warning Announcement on Possible Termination of Listing Due to Stock Price Below Par Value
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2022 Revision)" (hereinafter referred to as the "Listing Rules"), as of January 12, 2023, the closing price of Jinzhu Cihang Group Co., Ltd. (hereinafter referred to as the "Company") has been below 1 RMB for ten consecutive trading days. If the closing price remains below 1 RMB for twenty consecutive trading days, the company's stock may be terminated from listing by the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Investors are advised to pay attention to the risks.
- According to Article 9.2.3 of the "Listing Rules," the company is required to disclose the risk warning announcement regarding the potential termination of listing due to stock price below par value. This announcement will be disclosed daily until the relevant situation is resolved or until the SZSE makes a decision to terminate the company's stock listing.
I. Reasons for Possible Termination of Listing
According to Article 9.2.1 of the "Listing Rules," companies that only issue A-shares or B-shares and have a closing price below 1 RMB for twenty consecutive trading days will have their stock listing terminated by the SZSE. As of January 12, 2023, the company's stock has closed below 1 RMB for ten consecutive trading days, indicating a risk of termination of listing due to stock price below par value. Investors are advised to pay attention to the risks.