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. has experienced its stock price closing below 1 RMB per share for eleven consecutive trading days, with expectations of continuing this trend. As per SZSE regulations, this may lead to the termination of the company's stock listing. The company has issued this risk warning and will continue to disclose updates daily until the situation is resolved or a termination decision is made.

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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 29, 2023, the stock price of Sunshine City Group Co., Ltd. (hereinafter referred to as "the Company") has closed below 1 RMB per share for eleven consecutive trading days, and it is expected to remain below 1 RMB per share 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 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 being below par value, and must continue to disclose this information daily until the situation is resolved or until 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 be aware of investment risks.

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