002002SZSE

Announcement from Hongda Xingye Co., Ltd. on the Termination of Listing for Stocks and Convertible Bonds

ST Hongda Co., Ltd.··4 pages

✨ AI Summary

Hongda Xingye Co., Ltd. has received a decision from the Shenzhen Stock Exchange to terminate the listing of its stocks and convertible bonds due to continuous low closing prices. The stocks and bonds will be delisted within fifteen trading days without entering a transition period. Investors are advised to settle related transactions before delisting and to be aware of potential risks associated with the company's financial situation.

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Full Translation

AI Translation· azure_openai

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, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. Types of securities to be delisted:
    (1) Renminbi ordinary shares, stock abbreviation: ST Hongda, stock code: 002002;
    (2) Convertible bonds, bond abbreviation: Hongda Convertible Bonds, bond code: 128085.
  2. The company's stocks and convertible bonds will not enter a transition trading period before delisting.
  3. Investors, securities companies, and other market participants should promptly settle stock pledge repurchase, agreed repurchase, margin financing, transfer of financing, and Shenzhen Stock Connect transactions before the company's stocks are delisted.
  4. For judicial freeze transactions that will expire after the stocks are delisted and before the initial registration period for the delisting board is completed, it is recommended that the competent authorities handle the renewal procedures in advance through the original enforcement channels before the stocks are delisted.
  5. Given the company's current financial situation, there is a risk of default on the repurchase of convertible bonds. Investors are advised to invest rationally and pay attention to risks.

On February 26, 2024, Hongda Xingye Co., Ltd. received the decision from the Shenzhen Stock Exchange (hereinafter referred to as "the Exchange") regarding the termination of listing for the company's stocks and convertible bonds (Shenzhen Stock Exchange [2024] No. 137). The Exchange has decided to terminate the listing of the company's stocks and convertible bonds.

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