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. The stock experienced a cumulative price deviation exceeding -12% over three consecutive trading days. The company confirmed no undisclosed significant information affecting stock prices and highlighted risks related to its internal control audit report. Investors are advised to exercise caution and refer to official disclosures for accurate information.

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Full Translation

AI Translation· azure_openai

Securities Code: 000836
Securities Abbreviation: ST Futong
Announcement Number: 2024-047

Announcement on Abnormal Fluctuations in Stock Trading

The company and all members of the board guarantee that the content of the 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 company's related announcements.
  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 company's related announcements.
  3. The 5,000,000 unrestricted circulating shares held by the controlling shareholder Futong Technology were publicly auctioned on the Taobao judicial auction platform from 10:00 on May 30, 2024, to 10:00 on May 31, 2024 (excluding delays), and the result showed that the auction failed. The 7,320,000 unrestricted circulating shares held by Futong Technology were publicly auctioned from 10:00 on June 6, 2024, to 10:00 on June 7, 2024 (excluding delays), and the result also showed that the auction failed.

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