002308SZSE

Announcement on the Eleventh Risk Warning Regarding Possible Termination of Listing Due to Stock Price Below Par Value

*ST Weichuang Co., Ltd.··3 pages

✨ AI Summary

This announcement serves as a risk warning that the stock price of Weichuang Group Co., Ltd. has been below 1 yuan for 19 consecutive trading days as of August 21, 2024. If the stock price remains below 1 yuan for 20 consecutive trading days, it may face termination of listing. The company has issued multiple prior warnings and is actively working to rectify its financial reporting.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Special Reminder:

  1. As of August 21, 2024, the stock price of Weichuang Group Co., Ltd. (hereinafter referred to as "the Company") has been below 1 yuan for 19 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if the stock price remains below 1 yuan for 20 consecutive trading days, the stock will be terminated from listing on the Shenzhen Stock Exchange. Stocks terminated due to trading-related mandatory delisting will not enter the delisting adjustment period. Investors are advised to be aware of 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 stock closing price below 1 yuan 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 it daily until the situation is resolved or the termination of listing occurs (whichever comes first). Investors are encouraged to invest rationally and be aware of investment risks.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.