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 information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder: As of June 25, 2024, the closing price of Hongtao Group's stock has been below 1 yuan for 17 consecutive trading days. According to Article 9.2.4 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," this risk warning announcement is disclosed, indicating that there is a risk of the company's stock being terminated from listing on the Shenzhen Stock Exchange. Investors are advised to pay attention to investment risks.
I. Reasons for Possible Termination of Stock Listing
According to Articles 9.2.1 and 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if a company listed on the Shenzhen Stock Exchange that only issues A-shares has a closing price below 1 yuan for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of June 25, 2024, the company's stock has been below 1 yuan for 17 consecutive trading days, indicating a risk of termination due to the stock price being below par value.