Datang Gaohong Network Co., Ltd. Announcement on Possible Termination of Listing Due to Stock Price Below Par Value - Sixth Risk Warning
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
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As of September 18, 2025, the closing price of Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") stock has been below 1 RMB for fourteen consecutive trading days. According to Article 9.2.1 and Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules (hereinafter referred to as "the Listing Rules"), if a company listed on the Shenzhen Stock Exchange that only issues A-shares has a closing price below 1 RMB for twenty consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. Stocks that are terminated due to trading-related mandatory delisting circumstances will not enter the delisting arrangement period. Investors are advised to be cautious of investment risks.
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According to Article 9.2.4 of the Listing Rules, if a company listed on the Shenzhen Stock Exchange that only issues A-shares has a closing price below 1 RMB for ten consecutive trading days, it must disclose a risk warning announcement regarding the possible termination of listing before the market opens on the next trading day. This announcement must be disclosed daily until the relevant situation is resolved or until the termination of listing occurs (whichever comes first). Investors are advised to be cautious of investment risks.