Risk Warning Announcement on Possible Termination of Listing Due to Stock Price Falling 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:
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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 19, 2023, the stock closing price of Jinzhu Cihang Group Co., Ltd. (hereinafter referred to as the "Company") has been below 1 RMB for 15 consecutive trading days. If the stock closing price remains below 1 RMB for 20 consecutive trading days, the stock may be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Investors are advised to pay attention to the risks.
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According to Article 9.2.3 of the Listing Rules, the company is required to disclose the risk warning announcement regarding the potential delisting due to the stock price falling below par value. This announcement will be disclosed daily until the relevant situation is resolved or until the SZSE makes a decision to delist the company's stock. The company has disclosed the fifth risk warning announcement regarding the potential delisting due to the stock price falling below par value on January 18, 2023 (Announcement No. 2023-008). This announcement serves as the sixth risk warning announcement regarding the potential delisting.
Reasons for Possible Delisting of the Company's Stock
According to Article 9.2.1 of the Listing Rules, companies that issue only A-shares or only B-shares and have a daily stock closing price below 1 RMB for 20 consecutive trading days will have their stock delisted by the SZSE. As of January 19, 2023, the company's stock closing price has been below 1 RMB for 15 consecutive trading days, indicating a risk of delisting due to the stock price falling below par value. Investors are advised to pay attention to the risks.