Announcement on the Possible Implementation of Major Illegal Forced Delisting of the Company's Stock - Seventh 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:
- Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") is under investigation by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") for suspected violations of information disclosure laws. On August 8, 2025, the Company received the "Advance Notice of Administrative Penalty" (hereinafter referred to as "the Notice") issued by the CSRC. According to the findings in the Notice, the Company's non-public stock issuance in 2020 constitutes fraudulent issuance, and the annual reports from 2015 to 2023 contain false records, which may trigger the major illegal forced delisting conditions stipulated in Article 9.5.1 and Item (6) of Article 9.5.2 of the Shenzhen Stock Exchange Listing Rules, potentially leading to forced delisting.
- According to the Shenzhen Stock Exchange Listing Rules, if the formal penalty decision concludes that the Company meets the conditions for major illegal forced delisting, the Company's stock will be terminated from listing.
- The Company will fully cooperate with the CSRC's related work and actively exercise its legal rights to a hearing or make statements and defenses, with the final outcome subject to the formal penalty decision issued by the CSRC. Investors are urged to pay attention to subsequent announcements and be aware of investment risks.