1. Overview of Termination of Listing Situation
Oupu Smart Network Co., Ltd. (hereinafter referred to as "the Company") has had its stock suspended since May 15, 2020, due to consecutive years of audit reports with no opinion for the 2018 and 2019 fiscal years, and negative net assets for two consecutive fiscal years. The Company disclosed its 2020 Annual Report on April 29, 2021, which indicated that its net assets remained negative, and the audit report was again issued with no opinion. According to the provisions of the "Notice on the Release of the Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)" (Shenzhen Stock Exchange [2020] No. 1294), companies that were suspended before the implementation of the revised rules are subject to the standards and procedures of the original rules for resuming or terminating listings and delisting arrangements. Based on Articles 14.4.1 and 14.4.4 of the "Shenzhen Stock Exchange Stock Listing Rules (2018 Revision)," the Shenzhen Stock Exchange will decide whether to terminate the Company's stock listing within fifteen trading days after the disclosure of the 2020 Annual Report.