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 that as of June 5, 2023, the stock price of Beijing Honggao Creative Architectural Design Co., Ltd. has been below 1 yuan for fifteen consecutive trading days. If the stock price remains below this threshold for twenty consecutive trading days, it may face termination of listing. The company has issued multiple risk warnings regarding this situation.

Summary generated by AI · Always verify with source document

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, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of June 5, 2023, the closing price of the Company's stock has been below 1 yuan for fifteen consecutive trading days. Even if the stock experiences a price increase for the next five trading days, it will still trigger the provisions of Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, which states that if the closing price remains below 1 yuan 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 closing price below 1 yuan for ten consecutive trading days, it must disclose a risk warning announcement before the market opens on the next trading day, and continue to disclose it daily until the situation is resolved or a decision to terminate the listing is made by the Exchange. Investors are advised to invest rationally and pay attention to risks.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.