002665SZSE

Risk Warning Announcement on the Termination of Company Stock Listing and Suspension of Trading

ST Hanggao Co., Ltd.··4 pages

✨ AI Summary

This announcement informs that the stock of Shihang High-Tech Energy Technology Co., Ltd. will be suspended from trading starting June 28, 2024, due to a closing price below 1 RMB for 20 consecutive trading days. The company will face delisting from the Shenzhen Stock Exchange as per regulations. Investors are advised to be cautious and aware of the risks involved.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

The company and all members of the board 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 27, 2024, the stock closing price of Shihang High-Tech Energy Technology Co., Ltd. (hereinafter referred to as "the Company") has been below 1 RMB for 20 consecutive trading days. According to Article 9.2.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," if a company's stock closing price is below 1 RMB for 20 consecutive trading days, the stock will be delisted from the Shenzhen Stock Exchange. According to Article 9.1.15 of the same rules, if the stock is delisted due to trading-related mandatory delisting circumstances, it will not enter a delisting adjustment period.
  2. According to Article 9.2.6 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," the company's stock will be suspended from trading starting from the market opening on June 28, 2024 (Friday). Investors are advised to invest rationally and pay attention to risks.

Reasons for Possible Termination of Stock Listing

According to Article 9.2.1, paragraph 1, item (4) of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," companies that only issue A-shares or B-shares and have a stock closing price below 1 RMB for 20 consecutive trading days will have their stocks delisted from the Shenzhen Stock Exchange. As of June 27, 2024, the company's stock closing price has been below 1 RMB for 20 consecutive trading days, triggering the mandatory delisting circumstances as per Article 9.2.1 of the rules.

Sign in to read the full translation

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