Ningbo Shenglaida Electric Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Important Notice: Due to a negative net profit for the year 2020, revenue below 100 million yuan, and negative net assets at the end of the period, the Company's stock trading has been subject to "delisting risk warning" since April 30, 2021. The Company's 2021 financial accounting report received a negative audit opinion from Beijing Xingchanghua Accounting Firm (General Partnership). According to Article 9.3.11 of the "Shenzhen Stock Exchange Stock Listing Rules" (2022 revision), the Company's stock may be delisted from the Shenzhen Stock Exchange. The Company's stock will be suspended from trading starting May 5, 2022 (Thursday).
1. Main Reasons for Possible Delisting of Company Stock
The Company has a negative net profit for the year 2020, revenue below 100 million yuan, and negative net assets at the end of the period. The stock trading has been subject to "delisting risk warning," which has not yet been lifted. The Company's 2021 financial accounting report received a negative audit opinion from Beijing Xingchanghua Accounting Firm (General Partnership), which may lead to delisting under Article 9.3.11 of the "Shenzhen Stock Exchange Stock Listing Rules" (2022 revision).