Securities Code: 000587
Securities Abbreviation: *ST Jinzhu
Announcement Number: 2023-006
Jinzhu Cihang Group Co., Ltd. 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.
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 16, 2023, the closing price of Jinzhu Cihang Group Co., Ltd. stock has been below 1 RMB for 12 consecutive trading days. If the stock price remains below 1 RMB for 20 consecutive trading days, the stock may be delisted 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 delisting due to stock price being below par value. This announcement will be disclosed daily until the situation is resolved or until the SZSE makes a decision regarding the delisting of the company's stock.
I. Reasons for Possible Delisting
According to Article 9.2.1 of the Listing Rules, companies that only issue A shares or only issue B shares and have a closing price below 1 RMB for 20 consecutive trading days will have their stock delisted by the SZSE. As of January 16, 2023, the company's stock has been below 1 RMB for 12 consecutive trading days, indicating a risk of delisting 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 12 consecutive trading days, it must disclose a risk warning announcement before the next trading day. The company has already disclosed the second risk warning announcement regarding the potential delisting due to stock price being below par value on January 13, 2023 (Announcement No.: 2023-003). This announcement serves as the third risk warning regarding potential delisting due to par value.