002002SZSE

Risk Warning Announcement on Possible Termination of Stock Listing Due to Price Below Par Value by Hongda Xingye Co., Ltd.

ST Hongda Co., Ltd.··5 pages

✨ AI Summary

Hongda Xingye Co., Ltd. issued its eighth risk warning regarding the potential termination of its stock listing due to a closing price below 1 RMB for twenty consecutive trading days. As of January 15, 2024, the stock price has been below this threshold for seventeen days. The company also faces risks related to convertible bonds and ongoing investigations by the China Securities Regulatory Commission.

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Full Translation

AI Translation· azure_openai

Risk Warning Announcement on Possible Termination of Stock Listing Due to Price Below Par Value

Hongda Xingye Co., Ltd. (hereinafter referred to as "the Company") 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. Hongda Xingye Co., Ltd. and its actual controller are under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which may lead to significant illegal forced delisting risks for the company's stock. According to the Shenzhen Stock Exchange's listing rules, if the company's stock is delisted, the convertible bonds issued by the company will also be terminated. Investors are advised to invest rationally and pay attention to risks.

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