002089SZSE

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

Xinhai Retreat Co., Ltd.··2 pages

✨ AI Summary

This announcement informs investors that Shenzhen Xinhai Technology Group Co., Ltd. faces the risk of stock delisting if its share price remains below 1 RMB for twenty consecutive trading days. As of February 2, 2024, the stock has already closed below 1 RMB for ten consecutive days. The company will issue daily updates until the situation is resolved or a delisting decision is made.

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Full Translation

AI Translation· azure_openai

The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (Revised August 2023)" (hereinafter referred to as the "Listing Rules"), as of February 2, 2024, the closing price of Shenzhen Xinhai Technology Group Co., Ltd. (hereinafter referred to as the "Company") has been below 1 RMB for ten consecutive trading days. If the stock price remains below 1 RMB for twenty consecutive trading days, the Company's stock may be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). According to Article 9.1.15 of the Listing Rules, if the Company's stock is delisted due to mandatory delisting circumstances, it will not enter a delisting adjustment period.
  2. According to Article 9.2.3 of the Listing Rules, the Company must disclose a risk warning announcement regarding the possibility of its stock being delisted due to a price below par value, and subsequently disclose this risk daily until the situation is resolved or until the SZSE makes a decision to delist the Company's stock. Investors are advised to invest rationally and pay attention to risks.

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