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 as a risk warning regarding the potential termination of listing for Beijing Honggao Creative Architectural Design Co., Ltd. due to its stock price being below 1 RMB for eighteen consecutive trading days as of June 8, 2023. If the stock price remains below this threshold for twenty consecutive trading days, it may face delisting. 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, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of June 8, 2023, the closing price of the Company's stock has been below 1 RMB for eighteen consecutive trading days. Even if the stock experiences a price increase in the following two trading days, it will still trigger the provisions of Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules. If the closing price remains below 1 RMB per share for twenty consecutive trading days, the Company's 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 for ten consecutive trading days, it must disclose a risk warning announcement regarding the potential termination of its stock listing before the market opens on the next trading day. This announcement must be made daily until the situation is resolved or the Exchange makes a decision to terminate the listing of the Company's stock. Investors are advised to invest rationally and pay attention to risks.

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