Announcement on the Risk of Termination of Company Stock Listing and Suspension of Trading
Special Reminders
- As of June 26, 2024, the stock closing price of Hangzhou Lianluo Interactive Information Technology Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 20 consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if a company's stock closing price is below 1 RMB for 20 consecutive trading days, the stock will be terminated from listing on the Shenzhen Stock Exchange. According to Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, if the stock is terminated due to mandatory delisting conditions, it will not enter a transition period.
- According to Article 9.2.6 of the Shenzhen Stock Exchange Listing Rules, the company's stock will be suspended from trading starting from the opening of the market on June 27, 2024 (Thursday). Investors are advised to invest rationally and pay attention to risks.
Reasons for Termination of Company Stock Listing
According to Article 9.2.1, paragraph 1, item (4) of the Shenzhen Stock Exchange Listing Rules, companies that only issue A-shares or B-shares and have a stock closing price below 1 RMB for 20 consecutive trading days will have their stock terminated from listing. As of June 26, 2024, the company's stock closing price has been below 1 RMB for 20 consecutive trading days, triggering the aforementioned termination of listing conditions.