Securities Code: 002776
Securities Abbreviation: *ST Baolong
Announcement Number: 2023-085
Guangdong Baibolong Co., Ltd. announces the risk warning regarding the termination of its stock listing and suspension of trading. 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: As of December 26, 2023, the company's stock closing price is 0.40 yuan/share, and the stock has closed below 1 yuan for 20 consecutive trading days (from November 29, 2023, to December 26, 2023). This has triggered the delisting regulations under the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)." According to relevant rules, the company's stock will be suspended from trading starting December 27, 2023 (Wednesday), and there is a risk of termination of the stock listing.
According to Article 9.1.15 of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)," "If a listed company's stock is forcibly delisted by the Exchange, it enters a delisting transition period, except for cases of trading-related forced delisting." Therefore, the company's stock will not enter a delisting transition period.
Guangdong Baibolong Co., Ltd. stock has closed below the par value (1 yuan) for 20 consecutive trading days (from November 29, 2023, to December 26, 2023). According to relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)," the company's stock may be terminated from listing. The following matters are hereby reminded: