Special Risk Warning:
- The stock of Tianxia Smart City Technology Co., Ltd. (hereinafter referred to as "the Company") has closed below its par value (1 yuan) for 16 consecutive trading days (from December 16, 2020, to January 7, 2021), with the closing price as of the announcement date being 0.67 yuan per share. If the closing price does not exceed the par value for the next four consecutive trading days, the Company’s stock may be terminated from listing according to the relevant provisions of the Shenzhen Stock Exchange Listing Rules.
- The Company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws. As of now, the Company has not received any conclusive opinions or decisions regarding this investigation. If the Company is found to have committed significant violations, there is a risk that its stock may be terminated from trading on the Shenzhen Stock Exchange.
- The Company’s subsidiary, Hangzhou Tianxia Technology Group Co., Ltd. (hereinafter referred to as "Hangzhou Tianxia"), has been applied for bankruptcy liquidation and is currently in the process of attempting a settlement to terminate the bankruptcy proceedings. However, there is significant uncertainty regarding whether a settlement can be reached to terminate the bankruptcy process.
- The Company is currently verifying and confirming the related letters received, including the "Letter of Concern Regarding Tianxia Smart City Technology Co., Ltd." (Company Department Concern Letter [2020] No. 12), "Letter of Concern Regarding Tianxia Smart City Technology Co., Ltd." (Company Department Concern Letter [2020] No. 20), "Letter of Concern Regarding Tianxia Smart City Technology Co., Ltd." (Company Department Concern Letter [2020] No. 29), "Letter of Concern Regarding Tianxia Smart City Technology Co., Ltd." (Company Department Concern Letter [2020] No. 50), "Annual Report Inquiry Letter Regarding Tianxia Smart