000918SZSE

Risk Warning Announcement Regarding Possible Termination of Company Stock Listing

*ST Jiakai Co., Ltd.··2 pages

✨ AI Summary

This announcement informs investors that the stock of Jiakai City Group Co., Ltd. has closed below 1 yuan for 18 consecutive trading days, with expectations of continuing this trend. According to the Shenzhen Stock Exchange rules, if the stock price remains below 1 yuan for 20 consecutive trading days, it may face delisting. The company has issued multiple risk warnings in compliance with regulations.

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Full Translation

AI Translation· azure_openai

The stock code: 000918
Stock abbreviation: *ST Jiakai
Announcement number: 2023-046

Jiakai City Group Co., Ltd. (hereinafter referred to as "the Company" or "we") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of May 29, 2023, the stock closing price of Jiakai City Group Co., Ltd. has been below 1 yuan for 18 consecutive trading days, and it is expected to remain below 1 yuan for 20 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)," if the company's stock closing price remains below 1 yuan for 20 consecutive trading days, the stock may be delisted from the Shenzhen Stock Exchange.
  2. According to Article 9.2.3 of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)," if the company experiences a situation where the daily stock closing price is below 1 yuan for ten consecutive trading days, the company must disclose a risk warning announcement regarding the possible termination of its stock listing before the market opens on the next trading day, and continue to disclose it every trading day until the situation is resolved or until the Shenzhen Stock Exchange makes a decision to terminate the stock listing. Investors are advised to invest rationally and pay attention to risks.

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