Shenzhen Hongtao Group Co., Ltd. (hereinafter referred to as "Hongtao Group" or "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
1. Reasons for Termination of Stock Listing
According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, companies that only issue A-shares or B-shares and have a daily closing price below 1 yuan for 20 consecutive trading days will have their stock delisted. As of June 28, 2024, the Company's stock has met this condition, and thus, it will be terminated from listing on the Shenzhen Stock Exchange.