1. Explanation of the Appointment of the Sponsor Securities Firm
Guangdong Huatie Tongda High-speed Equipment Co., Ltd. (hereinafter referred to as "the Company") has seen its stock price fall below 1 yuan for twenty consecutive trading days from April 22, 2024, to July 25, 2024, as per the trading system of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). This situation triggers the delisting conditions specified in Article 9.2.1, Item 4 of the SZSE's "Stock Listing Rules (2024 Revision)" (hereinafter referred to as "the Listing Rules"). On July 26, 2024, the Company received a "Pre-Notice" (Company Department Letter [2024] No. 186) from the SZSE, indicating that the exchange intends to terminate the Company's stock listing. According to Article 9.1.16 of the Listing Rules, a company facing mandatory delisting must sign an agreement with a qualified securities firm (hereinafter referred to as "the Sponsor Securities Firm") before its stock is delisted, to provide share transfer services after the delisting and to authori