002341SZSE

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

ST New Materials Co., Ltd.··3 pages

✨ AI Summary

This announcement serves as a risk warning regarding the potential termination of listing for ST Xinlun due to its stock price being below 1 RMB for 15 consecutive trading days as of June 25, 2024. If the stock price remains below 1 RMB for 20 consecutive trading days, it will be delisted without a grace period. The company has issued multiple warnings prior to this announcement, emphasizing the importance of investor caution.

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Full Translation

AI Translation· azure_openai

Stock Code: 002341

Stock Abbreviation: ST Xinlun

Announcement Number: 2024-055

Xinlun New Materials Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of June 25, 2024, the closing price of Xinlun New Materials Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 15 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if the closing price remains below 1 RMB for 20 consecutive trading days, the Company's stock will be terminated from listing on the Shenzhen Stock Exchange. According to Article 9.1.15 of the same rules, stocks that are delisted due to trading-related mandatory delisting conditions 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 due to the stock price being below par value. This announcement must be made before the next trading day and repeated daily until the situation is resolved or a decision to terminate the listing is made by the Shenzhen Stock Exchange. Investors are advised to pay attention to investment risks.

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