Risk Warning
- On May 9, 2024, the company disclosed an 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 an announcement regarding the implementation of delisting risk warnings and trading suspension arrangements (Announcement No. 2024-025). The company was unable to disclose the 2023 annual report and the 2024 first-quarter report during the two-month trading suspension from May 6 to July 5, 2024, and resumed trading on July 9, 2024, under delisting risk warnings.
- According to Article 9.4.18 (1) of the Shenzhen Stock Exchange Listing Rules, if the company fails to disclose more than half 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 Stock Trading Fluctuations
Weichuang Group Co., Ltd. (hereinafter referred to as "the Company") (Stock Abbreviation: *ST Weichuang, Stock Code: 002308) experienced a cumulative decline of over 12% in closing prices over three consecutive trading days on August 8, 9, and 12, 2024. This constitutes an abnormal fluctuation in stock trading.