Securities Code: 000587
Securities Abbreviation: *ST Jinzhu
Announcement Number: 2023-017
Jinzhu Cihang Group Co., Ltd. announces the risk warning regarding the termination of stock listing and suspension of trading. 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 Risk Warning: As of February 2, 2023, the company's stock closing price was 0.72 yuan, and the stock has closed below 1 yuan for 20 consecutive trading days (from December 29, 2022, to February 2, 2023). This has triggered the trading-related delisting regulations as per the "Shenzhen Stock Exchange Stock Listing Rules (2022 Revision)" (hereinafter referred to as "Listing Rules"). According to the relevant rules, the company's stock will be suspended from trading starting February 3, 2023 (Friday), and there is a risk of termination of listing.
According to Article 9.1.15 of the Listing Rules, "If a listed company's stock is forcibly delisted by the Exchange, it will enter a delisting adjustment period, except for cases of trading-related forced delisting." Therefore, the company's stock will not enter a delisting adjustment period.
Jinzhu Cihang Group Co., Ltd. (hereinafter referred to as "the Company") has had a closing price below the par value (1 yuan) for 20 consecutive trading days (from December 29, 2022, to February 2, 2023). According to the relevant provisions of the Listing Rules, the company's stock may be terminated from listing. The following matters are hereby notified: