Announcement on the Company's Stock Entering the Delisting Transition Period Trading

The stock code: 000687
Stock abbreviation: *ST Huaxun
Announcement number: 2022-067

Huaxun Ark Co., Ltd. announces that the company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Special Risk Warning:

1. The company's stock will be delisted on the trading day following the end of the delisting transition period.
2. The trading start date for the delisting transition period is May 26, 2022, with the expected last trading date being June 16, 2022.
3. During the delisting transition period, the company will not plan or implement major asset restructuring matters.
4. Investors, securities companies, and other market participants are urged to settle stock pledge repurchase, agreed repurchase, margin financing, transfer, and Shenzhen Stock Connect transactions before the stock is delisted.
5. For judicial freeze matters expiring after the stock is delisted and before the completion of the initial registration in the delisting segment, it is recommended that the competent authorities handle the renewal procedures in advance through the original enforcement channels before the stock is delisted.

Huaxun Ark Co., Ltd. (hereinafter referred to as "the Company") received the Shenzhen Stock Exchange's "Decision on the Termination of Listing of Huaxun Ark Co., Ltd. Stock" (Shenzhen Stock Exchange [2022] No. 482) on May 18, 2022, which decided to terminate the listing of the company's stock. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (2022 Revision)" (hereinafter referred to as "Stock Listing Rules (2022 Revision)"), the company's stock will enter the delisting transition period trading starting from May 26, 2022. The relevant arrangements for the company's stock trading during the delisting transition period are announced as follows:

1. Securities Code, Abbreviation, and Price Fluctuation Limits During the Delisting Transition Period