002504SZSE

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

*ST Honggao Co., Ltd.··3 pages

✨ AI Summary

This announcement warns investors that Beijing Honggao Creative Architectural Design Co., Ltd. has seen its stock price close below 1 yuan for fourteen consecutive trading days as of June 2, 2023. If the price remains below this threshold for twenty consecutive days, the stock may be delisted. The company has issued multiple warnings regarding this risk and urges investors to be cautious.

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, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of June 2, 2023, the closing price of the Company's stock has been below 1 yuan for fourteen consecutive trading days. Even if the stock experiences a price increase for the next six 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 delisted from 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 per share for ten consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of its stock listing before the next trading day opens, and continue to disclose this warning each trading day 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.

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