000836SZSE

Announcement on Abnormal Fluctuations in Stock Trading

ST Fortune Co., Ltd.··3 pages

✨ AI Summary

This announcement addresses abnormal fluctuations in the stock price of Tianjin Futong Information Technology Co., Ltd. (ST Futong) over three consecutive trading days. The company has confirmed no undisclosed significant information affecting stock prices. It also highlights risks related to a negative internal control audit report and potential delisting due to stock prices falling below par value.

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Full Translation

AI Translation· azure_openai

Stock Trading Abnormal Fluctuation Announcement

Securities Code: 000836
Securities Abbreviation: ST Futong
Announcement Number: 2024-037

Tianjin Futong Information Technology Co., Ltd. and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Risk Warning:

  1. The company disclosed its 2023 annual report and the "Announcement on Correction of Previous Accounting Errors" on April 30, 2024. The auditing agency issued a qualified opinion regarding significant uncertainties related to going concern and a negative opinion on the internal control audit report for 2023. Due to the negative opinion on the internal control audit report for 2023, according to Article 9.8.1 (4) of the Shenzhen Stock Exchange Listing Rules, the company's stock will be subject to other risk warnings starting from May 6, 2024, with the stock abbreviation changing from "Futong Information" to "ST Futong." For details, please refer to the relevant announcements disclosed by the company.
  2. The controlling shareholder, Zhejiang Futong Technology Group Co., Ltd. (hereinafter referred to as "Futong Technology"), has had 144,037,223 shares judicially frozen, accounting for 100% of its holdings in the company and 11.92% of the company's total share capital. For details, please refer to the relevant announcements disclosed by the company.
  3. The 7,320,000 unrestricted circulating shares held by the controlling shareholder will be publicly auctioned on the Taobao judicial auction platform from 10:00 on May 20, 2024, to 10:00 on May 21, 2024 (excluding delays), and the auction result has failed. The unsold shares will be publicly auctioned again on the Taobao judicial auction platform from 10:00 on June 6, 2024, to 10:00 on June 7, 2024 (excluding delays). The 5,000,000 unrestricted circulating shares held by Futong Technology will be publicly auctioned by the People's Court of Jianxi District, Luoyang City, Henan Province, from 10:00 on May 30, 2024, to 10:00 on May 31, 2024 (excluding delays), and the auction result has failed.

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