Announcement on the Revocation of Other Risk Warnings and Continued Implementation of Delisting Risk Warnings for Company Stock Transactions
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Key Content Reminder:
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In accordance with Articles 9.8.7 and 9.8.8 of the Shenzhen Stock Exchange Stock Listing Rules (2026 Revision), the circumstances that led to the imposition of other risk warnings on the Company's stock transactions have been eliminated. The Company's application to the Shenzhen Stock Exchange for the revocation of other risk warnings has been reviewed and approved.
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Due to the acceptance of the company's restructuring by the Intermediate People's Court of Lhasa (hereinafter referred to as the "Court"), in accordance with Article 9.4.1 (9) of the Shenzhen Stock Exchange Stock Listing Rules (2026 Revision), the Company's stock transactions were subject to delisting risk warnings from April 28, 2026. Following the revocation of other risk warnings for its stock transactions, the Company will continue to be subject to delisting risk warnings, and its stock abbreviation, stock code, and daily trading price fluctuation limits will remain unchanged.
I. Reasons for the Previous Imposition of Other Risk Warnings on the Company's Stock Transactions
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The Company's former controlling shareholder, Tibet Tianyi Longxing Investment Co., Ltd., occupied funds of the Company. In accordance with Article 13.3.1 (4) "Providing funds to a controlling shareholder or its related parties or providing guarantees to them in violation of prescribed procedures and the circumstances are serious" and Article 13.3.2 "Providing funds to a controlling shareholder or its related parties or providing guarantees to them in violation of prescribed procedures and the circumstances are serious, and there is no feasible solution or although a solution is proposed, it is expected that it cannot be resolved within one month" of the Shenzhen Stock Exchange Stock Listing Rules (November 2018 Revision), the Shenzhen Stock Exchange had the right to impose other risk warnings on its stock transactions. The Company's stock transactions were subject to other risk warnings on April 9, 2019.
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On June [blank], the Company received the "Notice of Prior Disclosure of Administrative Penalties and Market Entry Restrictions" (hereinafter referred to as the "Prior Notice") issued by the China Securities Regulatory Commission. In accordance with Article 9.8.1 (8) of the Shenzhen Stock Exchange Stock Listing Rules (2024 Revision), the circumstances that led to the imposition of other risk warnings on the Company's stock transactions resulted in the imposition of additional risk warnings on the Company's stock transactions from June 8, 2024.