Dinglong Culture Co., Ltd. (Stock Code: 002502, Stock Abbreviation: ST Dinglong)
Announcement No.: 2024-041
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- According to Article 9.2.4 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if a listed company has a closing stock price below RMB 1 for 10 consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of its stock listing before the next trading day. This announcement must be repeated daily until the situation is resolved or the termination of listing occurs. As of July 5, 2024, Dinglong Culture Co., Ltd.'s stock has closed below RMB 1 for 13 consecutive trading days, indicating a risk of termination of listing due to the stock price falling below par value.
- According to Article 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if a company's stock is terminated due to mandatory delisting circumstances, it will not enter a delisting adjustment period. Investors are advised to be aware of investment risks.
I. Reasons for Possible Termination of Listing
According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," companies that issue only A-shares or only B-shares and have a closing stock price below RMB 1 for 20 consecutive trading days will have their stock listing terminated by the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). On July 5, 2024, the company's stock closed at RMB 0.90, having been below RMB 1 for 13 consecutive trading days, which poses a risk of termination of listing due to the stock price falling below par value.