002308SZSE

Fifth Risk Warning Announcement Regarding Possible Termination of Listing Due to Stock Price Falling Below Par Value

*ST Weichuang Co., Ltd.··3 pages

✨ AI Summary

This announcement serves as a fifth risk warning regarding the potential termination of listing for Weichuang Group Co., Ltd. due to its stock price falling below 1 RMB for 13 consecutive trading days as of August 13, 2024. If the stock price remains below 1 RMB for 20 consecutive trading days, it may be delisted without a grace period. The company is actively working to rectify the situation and improve its financial disclosures.

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Full Translation

AI Translation· azure_openai

Special Reminder:

  1. As of August 13, 2024, the closing price of Weichuang Group Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 13 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if the closing price of the Company's stock remains below 1 RMB for 20 consecutive trading days, the stock will be terminated from listing on the Shenzhen Stock Exchange. Stocks that are delisted due to trading-related mandatory delisting circumstances will not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.
  2. According to Article 9.2.4 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if a listed company has a closing price below 1 RMB for 10 consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of listing before the next trading day opens, and continue to disclose this warning daily until the situation is resolved or the termination of listing occurs (whichever comes first). Investors are urged to invest rationally and be aware of investment risks.

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