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 serves to inform investors that as of June 1, 2023, the stock price of Sunshine City Group Co., Ltd. has been below 1 yuan per share for fourteen consecutive trading days, with expectations of continuing this trend. According to SZSE regulations, the stock may face termination of listing if the price remains below par value for twenty consecutive trading days. This is the fifth risk warning regarding potential delisting.

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Full Translation

AI Translation· azure_openai

Sunshine City 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, without false records, misleading statements, or significant omissions.

Special Reminder

  1. As of June 1, 2023, the closing price of the Company's stock has been below 1 yuan per share for fourteen consecutive trading days, and it is expected to remain below 1 yuan 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 on the Shenzhen Stock Exchange.
  2. In accordance with Article 9.2.3 of the Shenzhen Stock Exchange Listing Rules, the Company is required to disclose a risk warning announcement regarding the potential termination of listing due to the stock price being below par value. This announcement will be disclosed daily until the relevant situation is resolved or until the Shenzhen Stock Exchange makes a decision regarding the termination of 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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