002341SZSE

Announcement on the Eleventh Risk Warning 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 that the stock price of Newlun New Materials Co., Ltd. has been below 1 RMB for 19 consecutive trading days as of July 1, 2024. If the price remains below 1 RMB for 20 consecutive days, the stock may be delisted from the Shenzhen Stock Exchange. The company has issued multiple warnings regarding this risk and urges investors to be cautious.

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Full Translation

AI Translation· azure_openai

Stock Code: 002341

Stock Abbreviation: ST Newlun

Announcement Number: 2024-061

Newlun New Materials Co., Ltd. and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of July 1, 2024, the closing price of Newlun New Materials Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 19 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if the closing price of the Company's stock remains below 1 RMB for 20 consecutive trading days, the stock will be delisted from the Shenzhen Stock Exchange. According to Article 9.1.15 of the same rules, stocks that are delisted due to 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 market opens on the next trading day and repeated each trading day 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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