002325SZSE

Announcement on Receiving the Decision of Stock Termination of Listing

*ST Hongtao Co., Ltd.··3 pages

✨ AI Summary

Shenzhen Hongtao Group Co., Ltd. has received a decision from the Shenzhen Stock Exchange to terminate the listing of its stock due to continuous closing prices below 1 RMB for twenty trading days. The stock will be delisted within fifteen trading days without a delisting transition period. Investors are advised to settle related transactions before delisting. The company will provide further announcements regarding post-delisting arrangements.

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Full Translation

AI Translation· azure_openai

Shenzhen Hongtao Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. Type of securities to be delisted: RMB ordinary shares; stock abbreviation: *ST Hongtao; stock code: 002325.
  2. According to Article 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," the Company's stock will be terminated from listing by the Shenzhen Stock Exchange after triggering mandatory delisting conditions, without entering a delisting transition period.
  3. Investors, securities companies, and other market participants are advised to settle stock pledge repurchase, agreed repurchase, margin financing, transfer, and Shenzhen Stock Connect transactions before the stock is delisted.
  4. For judicial freeze transactions expiring after the stock is delisted and before the completion of the initial registration in the delisting sector, it is recommended that the competent authorities handle the renewal procedures in advance through the original enforcement channels before the stock is delisted.

On August 5, 2024, Shenzhen Hongtao Group Co., Ltd. received the "Decision on the Termination of Listing of Shenzhen Hongtao Group Co., Ltd. Stock" (Shenzhen Stock Exchange [2024] No. 632) issued by the Shenzhen Stock Exchange, which decided to terminate the listing of the Company's stock. The specific situation is announced as follows:

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