Guangdong Haiyin Group Co., Ltd. Announcement (2024)
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Securities Code: Haiyin Shares
Securities Abbreviation: 000861
Announcement No.: 2024-55
Important Content Reminder:
- As of August 5, 2024, the stock closing price of Guangdong Haiyin Group Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for twenty consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if a company's stock closing price is below 1 RMB for twenty consecutive trading days, the stock will be terminated from listing on the Shenzhen Stock Exchange. According to Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, if a company's stock is terminated due to mandatory delisting conditions, it will not enter a delisting adjustment period.
- According to Article 9.2.6 of the Shenzhen Stock Exchange Listing Rules, the company's stock will be suspended from trading starting from the market opening on August 6, 2024 (Tuesday). Investors are advised to invest rationally and pay attention to risks.
I. Reasons for Possible Termination of Company Stock Listing
According to Article 9.2.1, paragraph 1, item (4) of the Shenzhen Stock Exchange Listing Rules, companies that only issue A-shares or B-shares and have a closing price below 1 RMB for twenty consecutive trading days will have their stock listing terminated by the Shenzhen Stock Exchange. As of August 5, 2024, the company's stock has been below 1 RMB for twenty consecutive trading days, indicating a risk of termination of listing due to the stock price being below par value.
II. Stock Suspension Arrangement, Termination of Listing Decision, Delisting Adjustment Period Arrangement, and Post-Delisting Arrangements
(A) Suspension Arrangement
According to Article 9.2.6 of the Shenzhen Stock Exchange Listing Rules, if a listed company encounters mandatory delisting conditions, it must disclose this fact before the market opens on the next trading day. Therefore, the company's stock will be suspended from trading starting from August 6, 2024 (Tuesday).