Securities Code: 000587
Securities Abbreviation: *ST Jinzhu
Announcement Number: 2023-007
Jinzhu Cihang Group 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, without any 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 "Listing Rules"), as of January 17, 2023, the closing price of the Company's stock has been below 1 RMB for 13 consecutive trading days. If the closing price remains below 1 RMB for 20 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 discloses the risk warning announcement regarding the potential termination of listing due to stock price being 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 issue only A-shares or only B-shares and have a closing price below 1 RMB for 20 consecutive trading days will have their stock listing terminated by the SZSE. As of January 17, 2023, the Company's stock has been below 1 RMB for 13 consecutive trading days, indicating a risk of termination of listing due to the stock price being below par value. Investors are advised to pay attention to the risks.
II. Disclosure of Previous Risk Warning Announcements
According to Article 9.2.3 of the Listing Rules, if a listed company has a closing price below 1 RMB for 13 consecutive trading days, it must disclose a risk warning announcement before the next trading day. The Company has disclosed the risk warning announcement regarding the potential termination of listing due to stock price being below par value for the third time on January 16, 2023 (Announcement No.: 2023-006). This announcement serves as the fourth risk warning regarding potential termination of listing due to par value.