Stock Code: 002143
Stock Abbreviation: *ST Yinjie
Announcement No.: 2019-060
Yinjie Entertainment Media Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Company's stock has closed below its par value (i.e., 1 yuan) for 17 consecutive trading days (from August 15, 2019, to September 6, 2019). According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the Company's stock may be terminated from listing. The following matters are hereby notified:
According to Article 14.4.1 (18) of the Shenzhen Stock Exchange Listing Rules, if a company listed on the Shenzhen Stock Exchange that only issues A-shares has a daily closing price below par value for 20 consecutive trading days (excluding trading days when the company's stock is suspended), the Shenzhen Stock Exchange has the right to decide to terminate the company's stock listing.
According to Article 14.4.11 of the Shenzhen Stock Exchange Listing Rules, in the event of the above situation, the company must disclose this fact on the next trading day. The company's stock and its derivatives will be suspended from trading from the date of this announcement, and the Shenzhen Stock Exchange will make a decision on whether to terminate the company's stock listing within 15 trading days from the suspension.