Sotong Group 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 false records, misleading statements, or significant omissions.
Special Reminder: As of May 22, 2023, the closing price of the company's stock was 0.42 RMB/share, and the stock has closed below 1 RMB for twenty consecutive trading days (from April 18, 2023, to May 22, 2023). This has triggered the delisting regulations under the Shenzhen Stock Exchange's listing rules. The company's stock (stock abbreviation: *ST Sotong, stock code: 002503) and convertible bonds (bond abbreviation: Sotong Convertible Bonds, bond code: 128100) will be suspended from trading starting May 23, 2023 (Tuesday), and the conversion of "Sotong Convertible Bonds" will be suspended during the trading halt.
According to Article 9.1.14 of the Shenzhen Stock Exchange's listing rules, "If a listed company's stock is terminated from listing, the convertible bonds and other derivatives issued by it shall also be terminated from listing, and the relevant termination procedures shall be handled in accordance with the regulations on stock delisting." According to Article 9.1.15 of the Shenzhen Stock Exchange's listing rules, "If a listed company's stock is forcibly delisted by the Exchange, it enters a delisting transition period, except for cases of trading-related forced delisting." Therefore, the company's stock and convertible bonds will not enter a delisting transition period.
The company's stock has closed below 1 RMB for twenty consecutive trading days (from April 18, 2023, to May 22, 2023). According to the relevant provisions of the Shenzhen Stock Exchange's listing rules (2023 revision), the company's stock and its derivative convertible bonds will be terminated from listing. The company's stock (stock abbreviation: *ST Sotong, stock code: 002503) and convertible bonds (bond abbreviation: Sotong Convertible Bonds, bond code: 128100) will be suspended from trading starting May 23, 2023 (Tuesday), and the conversion of "Sotong Convertible Bonds" will be suspended during the trading halt.