000662SZSE

First Risk Warning Announcement Regarding the Company's Stock Entering Delisting Adjustment Period Trading

Tianxia Retreat Co., Ltd.··2 pages

✨ AI Summary

The announcement informs that the company's stock (code: 000662) will be delisted by the Shenzhen Stock Exchange, entering a 30-day adjustment period starting February 26, 2021. During this period, the stock cannot be relisted unless specific conditions are met. Investors are warned of risks, especially regarding the company's ongoing investigation and bankruptcy proceedings of a subsidiary.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

The company stock (stock code: 000662) has been decided to be delisted by the Shenzhen Stock Exchange and will be removed from listing after the delisting adjustment period.

  1. During the delisting adjustment period, even if the stock price reaches above the par value of 1 yuan, according to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)," this cannot change the delisting decision made by the Shenzhen Stock Exchange. The stock will be delisted after the adjustment period ends.

  2. According to Article 14.9.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)," the conditions for the company to apply for relisting include no major legal violations in the last three years, unqualified audit reports for the financial statements of the last three accounting years, and positive net profits for the last three accounting years totaling over 30 million yuan (net profit calculated based on the lower of pre- and post-non-recurring gains and losses).

  3. The company's stock (stock code: 000662) is a special security under the Shenzhen Stock Connect, and investors cannot buy but can only sell. After the stock is delisted and enters the stock transfer system, investors may not be able to transfer the stock, and they are advised to pay attention to investment risks.

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