002504SZSE

Risk Warning Announcement Regarding Possible Termination of Listing Due to Stock Price Below Par Value

*ST Honggao Co., Ltd.··3 pages

✨ AI Summary

This announcement serves to inform investors of the risk of termination of listing for Beijing Honggao Creative Architectural Design Co., Ltd. due to its stock price being below 1 RMB for twelve consecutive trading days as of May 31, 2023. If the stock price remains below 1 RMB for twenty consecutive trading days, the listing will be terminated. The company has issued multiple warnings regarding this risk.

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Full Translation

AI Translation· azure_openai

Beijing Honggao Creative Architectural Design 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, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of May 31, 2023, the closing price of the Company's stock has been below 1 RMB for twelve consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if the Company's stock closing price remains below 1 RMB per share for twenty consecutive trading days, the stock will be terminated from listing on the Shenzhen Stock Exchange.
  2. According to Article 9.2.3 of the Shenzhen Stock Exchange Listing Rules, if a listed company has a daily closing price below 1 RMB per share for ten consecutive trading days, it must disclose a risk warning announcement regarding the possible termination of its stock listing before the next trading day opens, and continue to disclose this warning daily until the situation is resolved or the Exchange makes a decision to terminate the listing. Investors are advised to invest rationally and pay attention to risks.

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