Securities abbreviation: *ST Ruihe Securities code: 002620 Announcement No.: 2026-037 Shenzhen Ruihe Decoration Co., Ltd. Announcement on Abnormal Stock Trading Fluctuations
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Special Risk Warning:
- Shenzhen Ruihe Decoration Co., Ltd. disclosed its "2025 Annual Report" on Juchao Information Network (www.cninfo.com.cn) on April 29, 2026. The audited net assets attributable to shareholders of the listed company at the end of 2025 were negative. The company's stock was suspended for one day from the opening of trading on April 29, 2026, and resumed trading from the opening on April 30, 2026. After resuming trading, the company's stock was subject to a delisting risk warning and an additional risk warning.
- There is significant uncertainty as to whether the Company can enter the restructuring process: The court's agreement to pre-restructuring does not mean the court will ultimately accept the company's restructuring application. There is significant uncertainty as to whether the company will enter the restructuring process subsequently. Regardless of whether it enters the restructuring process, the Company will actively manage its daily production and operations based on the current foundation.
- The Company and the administrator have signed "Restructuring Investment Agreements" with the restructuring industrial investor and the restructuring financial investor, respectively. Regarding the restructuring investment agreements, there is a risk that the restructuring investor may not be able to fulfill its investment obligations as agreed due to failure to raise sufficient funds. Although the "Restructuring Investment Agreements" have been signed, there is still a risk that the agreements may be terminated, rescinded, revoked, deemed ineffective, invalid, or impossible to perform.
- According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (2026 Revision)", if the court rules to accept the restructuring application filed by the applicant, the Shenzhen Stock Exchange will impose a delisting risk warning on the company's stock trading. If the company is declared bankrupt due to failed restructuring, its stock will face the risk of delisting.
We kindly remind investors to pay attention to investment risks and invest rationally.
I. Introduction to Abnormal Stock Trading Fluctuations
The stock of Shenzhen Ruihe Decoration Co., Ltd. (hereinafter referred to as the "Company") (stock name: ST Ruihe; securities code: 002620) experienced cumulative daily closing price deviation exceeding 12% on June 17, June 18, and June 22, 2026. According to the relevant provisions of the "Shenzhen Stock Exchange Trading Rules," this constitutes abnormal stock trading fluctuations.
II. Explanation of the Company's Attention and Verification