Securities Abbreviation: *ST Ruihe
Securities Code: 002620
Announcement No.: 2026-039
Shenzhen Ruihe Construction Decoration Co., Ltd.
Announcement on Abnormal Stock Trading Fluctuations
The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the announcement, and that there are no false records, misleading statements, or material omissions.
Special Risk Warning:
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Shenzhen Ruihe Construction Decoration Co., Ltd. disclosed its "2025 Annual Report" on the Juchao Information Network (www.cninfo.com.cn) on April 29, 2026. The company's net assets attributable to shareholders of the listed company as of 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.
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There is significant uncertainty as to whether the company can enter the restructuring process: The court's agreement to pre-restructuring does not mean that the court will ultimately accept the company's restructuring application. There is significant uncertainty as to whether the company will enter the restructuring process. Regardless of whether it enters the restructuring process, the company will actively manage its daily production and operation work on the existing basis.
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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 raise sufficient funds to fulfill its investment obligations as agreed in the agreement. Although the "Restructuring Investment Agreement" has been signed, there is still a risk that the agreement may be terminated, rescinded, revoked, deemed ineffective, invalid, or impossible to perform.
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According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (2026 Revision)", if the court rules to accept the applicant's restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning for the company's stock. If the company is declared bankrupt due to failed restructuring, the company's 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 Construction Decoration Co., Ltd. (hereinafter referred to as the "Company") (Stock Name: ST Ruihe; Securities Code: 002620) experienced abnormal trading fluctuations, with the cumulative increase in closing price exceeding 12% for two consecutive trading days on July 1 and July 2, 2026, which falls under the category of abnormal stock trading fluctuations according to the relevant provisions of the "Shenzhen Stock Exchange Trading Rules".
II. Company's Attention and Verification of Circumstances