Securities Code: 002499
Securities Abbreviation: *ST Kelin
Announcement Number: 2023-016
Kelin Environmental Equipment Co., Ltd. Notice on the Risk of Termination of Listing of the Company's Stock
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- The company's audited net profits for 2018 and 2019 were negative, and the net profit after deducting non-recurring gains and losses for 2020 was also negative. The company's stock continued to be subject to "delisting risk warning" after the disclosure of the 2020 annual report. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," the company's net profits after deducting non-recurring gains and losses for the three consecutive accounting years of 2018, 2019, and 2020 were negative, and the 2020 audit report indicated uncertainty regarding the company's ability to continue as a going concern, triggering the "other risk warning" as per Article 13.3 of the "Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)." The company applied to the Shenzhen Stock Exchange to revoke the delisting risk warning and other risk warnings at the same time as the disclosure of the 2021 annual report. If the revocation of the delisting risk warning and other risk warnings is not approved by the Shenzhen Stock Exchange, the company's stock will face the risk of termination of listing. On the same day as this announcement, the company disclosed the "Announcement on the Extension of Response to the Shenzhen Stock Exchange's Annual Report Inquiry Letter" (Announcement Number: 2023-013) on the Giant Tide Information Network, expecting to complete the response to the "Annual Report Inquiry Letter" and disclose it externally by February 1, 2023. As of the date of this announcement, the company has not yet responded to the Shenzhen Stock Exchange's "Inquiry Letter on Kelin Environmental Equipment Co., Ltd.'s 2021 Annual Report" (Company Department Annual Report Inquiry Letter [2022] No. 167). Failure to complete the response within the specified time will result in the risk of termination of listing for the company's stock.