Securities Code: 002776
Securities Abbreviation: *ST Baolong
Announcement Number: 2023-063
Guangdong Baibolong Co., Ltd. Progress Announcement on Other Risk Warnings Imposed on the Company
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- As of the date of this announcement, Haikou United Rural Commercial Bank has fully deducted the company's bank wealth management products, and the company has completely fulfilled its guarantee obligations. This issue has been resolved, and the circumstances triggering Article 9.8.1 of the "Shenzhen Stock Exchange Stock Listing Rules (Revised in February 2023)" have been eliminated. The company will apply to the Shenzhen Stock Exchange to revoke the corresponding other risk warnings imposed on its stock, with the final application subject to the review opinions of the Shenzhen Stock Exchange.
- The company has received a negative opinion in its internal control audit report in the past year, which, according to Article 9.8.1 of the Stock Listing Rules, has resulted in the imposition of other risk warnings on the company's stock.
- The company's audited net assets at the end of 2022 were negative. According to Article 9.3.1, paragraph 1, item (2) of the Stock Listing Rules, the company's stock trading is subject to delisting risk warnings due to negative net assets.
- If the application for the revocation of certain other risk warnings is approved by the Shenzhen Stock Exchange, the company will still face other risk warnings, and its stock will continue to be subject to delisting risk warnings in addition to other risk warnings, with the stock abbreviation being "*ST Baolong."