Securities Code: 000851
Securities Abbreviation: *ST Gaohong
Announcement Number: 2025-130
Datang Gaohong Network Co., Ltd. announces the ninth risk warning regarding the possible termination of listing due to stock price falling below par value. 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 23, 2025, the closing price of Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 17 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 "Listing Rules"), if a company listed on the Shenzhen Stock Exchange that only issues A-shares has a closing price below 1 RMB for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. Stocks that are terminated due to trading-related mandatory delisting will not enter the delisting arrangement period. Investors are advised to pay attention to 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 10 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, and continue to disclose it every trading day until the situation is resolved or the termination of listing occurs (whichever comes first). Investors are advised to pay attention to investment risks.