002499SZSE

Announcement on the Suspension of Company Stock and Risk of Delisting

Kelin Retreat Co., Ltd.··3 pages

✨ AI Summary

This announcement informs that Kolin Environmental Equipment Co., Ltd. has received a decision from the Shenzhen Stock Exchange regarding the risk of delisting due to financial discrepancies. The company's stock will be suspended from trading starting February 3, 2023. The company has reported a negative net profit and insufficient revenue, which may lead to termination of its stock listing.

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Full Translation

AI Translation· azure_openai

Kolin Environmental Equipment Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. According to the decision received by Kolin Environmental Equipment Co., Ltd. from the Shenzhen Stock Exchange on February 2, 2023, regarding the non-withdrawal of the delisting risk warning for the company's stock (Shenzhen Stock Exchange [2023] No. 61), as detailed in the announcement disclosed by the company on the same day (Announcement No. 2023-020), the company’s 2021 annual report contained unreported revenue that should have been deducted. After deducting unrelated business income and income lacking commercial substance, the company's relevant operating revenue for 2021 was below 100 million yuan, and the audited net profit was negative. This situation falls under Article 9.3.11, Paragraph 1, Item 1 of the Stock Listing Rules (2022 Revision), which does not comply with Article 9.3.7 of the same rules. The Shenzhen Stock Exchange has decided not to withdraw the delisting risk warning for the company's stock, indicating a risk of termination of the stock listing.

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