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 serves to inform investors of the risk that HNA Investment Group Co., Ltd.'s stock may be delisted if its closing price remains below 1 RMB for 20 consecutive trading days. As of June 9, 2023, the stock has been below this threshold for 18 days. The company has issued multiple risk warning announcements and is taking measures to improve its operational fundamentals.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

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

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 the "Listing Rules"), if the company's stock closing price is 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"). As of June 9, 2023, HNA Investment Group Co., Ltd. (hereinafter referred to as "the Company") has had its stock closing price below 1 RMB for 18 consecutive trading days, and investors are advised to pay attention to the risk.
  2. According to Article 9.2.3 of the "Listing Rules," the company discloses the risk warning announcement regarding the potential termination of listing due to stock price falling below par value, and will disclose this information 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.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.