000616SZSE

Announcement on the Risk of Termination of Listing Due to Stock Price Falling Below Par Value

*ST Haitu Co., Ltd.··3 pages

✨ AI Summary

This announcement warns that HNA Investment Group Co., Ltd. faces potential termination of its stock listing if the closing price remains below 1 RMB for 20 consecutive trading days. As of June 1, 2023, the stock has been below this threshold for 12 days. The company has issued multiple risk warnings and is taking measures to improve its financial situation. Investors are advised to exercise caution.

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Full Translation

AI Translation· azure_openai

Securities Code: 000616
Securities Abbreviation: *ST HNA Investment
Announcement Number: 2023-063

HNA Investment Group Co., Ltd. announces the risk of potential termination of its stock listing due to the stock price falling below par value. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)" (hereinafter referred to as the "Listing Rules"), if the company's stock closing price is below 1 RMB for 20 consecutive trading days, the stock may be terminated from listing by the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). As of June 1, 2023, the stock closing price of HNA Investment Group Co., Ltd. has been below 1 RMB for 12 consecutive trading days, and investors are advised to pay attention to the risks.
  2. According to Article 9.2.3 of the Listing Rules, the company must disclose the risk warning regarding the potential termination of its stock listing due to the stock price falling below par value, and subsequently disclose this warning every trading day until the relevant situation is resolved or until the SZSE makes a decision to terminate the stock listing. Investors are advised to invest rationally and pay attention to risks.

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