000918SZSE

Announcement on Receiving the Decision for Stock Termination of Listing

*ST Jiakai Co., Ltd.··3 pages

✨ AI Summary

This announcement informs that the stock of Jiakai City Group Co., Ltd. will be terminated from listing due to its closing price being below 1 RMB for twenty consecutive trading days. The stock will be delisted within fifteen trading days following the decision. Investors are advised to settle related transactions before delisting. The company will provide further details regarding post-delisting procedures.

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Full Translation

AI Translation· azure_openai

Jiakai City Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. Type of securities to be terminated: RMB ordinary shares, stock abbreviation: *ST Jiakai, stock code: 000918.
  2. According to Article 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)" (hereinafter referred to as "Listing Rules"), "the stock of a listed company that is forcibly delisted by the Exchange shall enter a delisting adjustment period, except for those terminated due to trading-related mandatory delisting circumstances." Therefore, the stock of Jiakai City Group Co., Ltd. will not enter a delisting adjustment period.
  3. Investors, securities companies, and other market participants are advised to promptly settle stock pledge repurchase, agreed repurchase, margin financing, transfer, Shenzhen Stock Connect, and other businesses before the stock is delisted.
  4. For judicial freeze businesses that will expire from the time of delisting until the completion of the initial registration in the delisting sector, it is recommended that the competent authorities handle the renewal procedures in advance through the original assistance execution channels before the stock is delisted.

On July 21, 2023, the Company received the "Decision on the Termination of Listing of Jiakai City Group Co., Ltd. Stock" (Shenzhen Stock Exchange [2023] No. 643) from the Shenzhen Stock Exchange, which decided to terminate the listing of the Company's stock.

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