Securities Code: 002776
Securities Abbreviation: *ST Baolong
Announcement Number: 2023-061
Guangdong Baibolong Co., Ltd. Progress Announcement on the Implementation of Other Risk Warnings for the Company
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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As of the date of this announcement, Haikou United Rural Commercial Bank has deducted all of the company's bank financial products, and the company has fully fulfilled its guarantee obligations. This matter has been resolved, and the conditions triggering the provisions of Article 9.8.1 of the "Shenzhen Stock Exchange Stock Listing Rules (Revised in February 2023)" (hereinafter referred to as the "Listing Rules") have been eliminated. The company will apply to the Shenzhen Stock Exchange for the removal of the corresponding other risk warnings on the company's stock trading, with the final application for removal subject to the review opinions of the Shenzhen Stock Exchange.
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The company has received a negative opinion in the internal control audit report for the past year. According to the relevant provisions of Article 9.8.1 of the Listing Rules, the company's stock is subject to other risk warnings.
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The company's audited net assets at the end of 2022 were negative. According to the provisions of Article 9.3.1, paragraph 1, item (2) of the Listing Rules, "the audited net assets for the most recent accounting year are negative, or the net assets at the end of the most recent accounting year are negative after retrospective restatement," the company's stock trading is subject to delisting risk warnings.
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If the application for the removal of certain other risk warnings is approved by the Shenzhen Stock Exchange, the company will still face other risk warnings, and the stock will continue to be subject to delisting risk warnings in addition to other risk warnings, with the stock abbreviation being "*ST Baolong."