000851SZSE

Announcement on the Appointment of the Sponsor Securities Firm

*ST Gaohong Co., Ltd.·November 3, 2025·2 pages

✨ AI Summary

Datang Gaohong Network Co., Ltd. has appointed Pacific Securities Co., Ltd. as its sponsor securities firm following the decision to delist its shares due to a prolonged stock price below 1 yuan. The appointment is aimed at facilitating the transfer of shares post-delisting and ensuring compliance with relevant regulations. The agreement includes services for share transfer and registration with the stock exchange.

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Full Translation

AI Translation· azure_openai

Announcement on the Appointment of the Sponsor Securities Firm

Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

1. Explanation of the Appointment of the Sponsor Securities Firm

From September 1, 2025, to September 26, 2025, the closing price of the Company's stock was below 1 yuan for twenty consecutive trading days, triggering the delisting conditions as per Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules. On November 3, 2025, the Company received a decision from the Shenzhen Stock Exchange regarding the termination of its stock listing (Shenzhen Stock Exchange [2025] No. 1180), which decided to delist the Company's stock.

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