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. may face termination of its stock listing if its closing price remains below 1 RMB for 20 consecutive trading days. As of June 8, 2023, the stock has been below this threshold for 17 days. The company has issued multiple risk warnings and is taking measures to improve its business fundamentals.

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Full Translation

AI Translation· azure_openai

HNA Investment Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure 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 "Listing Rules"), if the closing price of the Company's stock remains 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 8, 2023, the closing price of HNA Investment Group Co., Ltd. has been below 1 RMB for 17 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 discloses the risk warning regarding the potential termination of its stock listing due to the stock price falling below par value, and will disclose this warning every trading day until the relevant situation is resolved or the SZSE makes a decision to terminate the listing of the Company's stock. Investors are advised to invest rationally and pay attention to risks.

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