Announcement of Risk Warning
Securities Code: 002280
Securities Abbreviation: ST Lianluo
Announcement Number: 2024-045
Hangzhou Lianluo Interactive Information Technology Co., Ltd. (hereinafter referred to as "the Company") announces the ninth risk warning regarding the possible termination of its stock listing due to the stock price falling below par value.
Special Reminder
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As of June 21, 2024, the closing price of the Company's stock has been below 1 RMB for 17 consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if the closing price remains below 1 RMB for 20 consecutive trading days, the Company's stock will be terminated from listing on the Shenzhen Stock Exchange. According to Article 9.1.15 of the same rules, if the Company’s stock is terminated due to trading-related mandatory delisting circumstances, it will not enter a delisting arrangement period.
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According to Article 9.2.4 of the Shenzhen Stock Exchange Listing Rules, if a listed company has a closing price below 1 RMB for ten consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of its stock listing due to the stock price falling below par value. This announcement will be disclosed daily until the situation is resolved or the Shenzhen Stock Exchange makes a decision to terminate the listing of the Company's stock. Investors are advised to invest rationally and pay attention to risks.