000671SZSE

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

ST Sunshine City Co., Ltd.··2 pages

✨ AI Summary

This announcement informs investors that the stock price of Sunshine City Group Co., Ltd. has been below 1 RMB per share for 16 consecutive trading days as of June 5, 2023, and is expected to continue for 20 days. According to SZSE regulations, this may lead to the termination of the company's stock listing. The company has issued multiple risk warnings and urges investors to exercise caution.

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 June 5, 2023, the stock closing price of Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB per share for 16 consecutive trading days, and it is expected to remain below 1 RMB per share for 20 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 by the Shenzhen Stock Exchange.
  2. According to Article 9.2.3 of the Shenzhen Stock Exchange Listing Rules, the Company must disclose a risk warning announcement regarding the potential termination of its stock listing due to the stock price falling below par value, and must continue to disclose this warning every trading day until the relevant situation is resolved or the Shenzhen Stock Exchange makes a decision to terminate the Company's stock listing.
  3. Stocks that are terminated from listing due to triggering 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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