Announcement on the Eleventh Risk Warning Regarding Possible Termination of Listing Due to Stock Price Falling Below Par Value
Securities Code: 000851
Securities Abbreviation: *ST Gaohong
Announcement Number: 2025-134
Datang Gaohong Network Co., Ltd. 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 25, 2025, the closing price of Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 19 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"), companies that only issue A-shares and have a closing price below 1 RMB for 20 consecutive trading days will have their stock delisted from trading on the Shenzhen Stock Exchange. Stocks that are delisted due to trading-related mandatory delisting situations will not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.
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According to Article 9.2.4 of the Listing Rules, companies that only issue A-shares must disclose a risk warning announcement regarding the possible termination of listing if their stock closing price is below 1 RMB for ten consecutive trading days. This announcement must be made before the market opens on the next trading day and repeated daily until the situation is resolved or a termination of listing occurs. Investors are advised to pay attention to investment risks.