Announcement on the Possible Termination of Company Stock Listing
Stock Code: 002143
Stock Abbreviation: *ST Yinjing
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Shenzhen Yinjing Entertainment Media Co., Ltd. (hereinafter referred to as "the Company") has had its stock closing price below par value (i.e., 1 yuan) for 18 consecutive trading days (from August 15, 2019, to September 9, 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 reminded:
According to Article 14.4.1 (18) of the Shenzhen Stock Exchange Listing Rules, if a listed company that only issues A-shares has a daily stock closing price below par value for 20 consecutive trading days (excluding trading days when the company's stock is suspended for the entire day), 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.