Risk Warning
- On May 9, 2024, the company disclosed the announcement regarding receiving a notice of investigation from the China Securities Regulatory Commission (CSRC) (Announcement No. 2024-016) due to suspected violations of timely disclosure of the annual report and other information.
- On July 6, 2024, the company disclosed the announcement regarding the implementation of delisting risk warning and suspension/resumption of trading (Announcement No. 2024-025). The company was suspended from trading from May 6, 2024, to July 5, 2024, and failed to disclose the 2023 annual report and the 2024 first-quarter report during this period. The company resumed trading on July 9, 2024, with a delisting risk warning.
- According to Article 9.4.18 (1) of the Shenzhen Stock Exchange Listing Rules, if the company does not disclose a majority of the directors' guarantees of the authenticity, accuracy, and completeness of the 2023 annual report within two months from the date of the delisting risk warning, the Shenzhen Stock Exchange will decide to terminate the company's stock listing. Investors are advised to pay attention to investment risks.
Abnormal Fluctuation in Stock Trading
Weichuang Group Co., Ltd. (hereinafter referred to as "the Company") (stock abbreviation: *ST Weichuang, stock code: 002308) has experienced a cumulative decline of over 70% in closing prices over 24 consecutive trading days. This constitutes a severe abnormal fluctuation in stock trading.