Stock Abnormal Fluctuation Announcement
Meihua Real Estate Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- The net profit before and after deducting non-recurring gains and losses for the last three fiscal years (2022, 2021, 2020) has been negative, and the 2022 audit report indicates uncertainty regarding the company's ability to continue as a going concern. According to relevant regulations, the company's stock trading has been subject to "other risk warnings" since May 5, 2023, and the stock abbreviation has changed to "ST Meizhi."
- As of May 9, 2023, the company's stock closing price has been below 1 RMB/share for eight consecutive trading days, posing a risk of delisting due to the stock price being below par value. Investors are advised to be cautious of investment risks.
I. Situation of Abnormal Stock Trading Fluctuations
The trading price of Meihua Real Estate Group Co., Ltd. (stock abbreviation: ST Meizhi, stock code: 000667) has experienced a cumulative decline of over 12% in closing prices over three consecutive trading days (May 5, May 8, and May 9, 2023), which constitutes an abnormal fluctuation in stock trading according to the Shenzhen Stock Exchange trading rules.