000671SZSE

Risk Warning Announcement Regarding Possible Termination of Listing Due to Stock Price Below Par Value

ST Sunshine City Co., Ltd.··2 pages

✨ AI Summary

This announcement informs investors that Sunshine City Group Co., Ltd.'s stock has closed below 1 RMB per share for twelve consecutive trading days, with expectations of continuing this trend. As per SZSE regulations, the stock may face termination of listing. The company has issued multiple risk warnings and urges investors to make prudent decisions.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder

  1. As of May 30, 2023, Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") has seen its stock closing price below 1 RMB per share for twelve consecutive trading days, with an expectation of continuing this trend for twenty consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, the Company's stock may be terminated from listing on the Shenzhen Stock Exchange.
  2. In accordance with Article 9.2.3 of the Shenzhen Stock Exchange Listing Rules, the Company must disclose a risk warning announcement regarding the potential termination of listing due to stock price falling below par value, and subsequently disclose this risk every trading day until the situation is resolved or the Shenzhen Stock Exchange makes a decision to terminate the listing.
  3. Stocks that are terminated from listing due to mandatory delisting conditions will not enter a delisting adjustment period. Investors are advised to make prudent decisions, invest rationally, and pay attention to investment risks.

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