Securities Code: 000587
Securities Abbreviation: *ST Jinzhu
Announcement Number: 2023-008
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 18, 2023, the closing price of Jinzhu Cihang Group Co., Ltd. (hereinafter referred to as the "Company") has been below 1 RMB for 14 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 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 situation is resolved or until the SZSE makes a decision regarding the termination of 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 only issue B-shares will have their stock listing terminated by the SZSE if the daily closing price is below 1 RMB for 20 consecutive trading days. As of January 18, 2023, the company's stock has been below 1 RMB for 14 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.