000851SZSE

Seventh Risk Warning Announcement Regarding Possible Termination of Listing Due to Stock Price Falling Below Par Value

*ST Gaohong Co., Ltd.··3 pages

✨ AI Summary

This announcement serves as a risk warning regarding the potential termination of listing for Datang Gaohong Network Co., Ltd. due to its stock price being below 1 RMB for fifteen consecutive trading days. The company has received a notice from the China Securities Regulatory Commission regarding potential fraudulent issuance of shares. Investors are advised to be cautious of investment risks.

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Full Translation

AI Translation· azure_openai

Securities Code: 000851

Securities Abbreviation: *ST Gaohong

Announcement Number: 2025-128

Datang Gaohong Network Co., Ltd. announces that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of September 19, 2025, the closing price of Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for fifteen 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 situations will not enter a delisting arrangement period. Investors are advised to be cautious of investment risks.

  2. 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 its stock listing before the next trading day opens, 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 be cautious of investment risks.

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