Announcement Details
On May 17, 2024, Baoli New Energy Technology Co., Ltd. (hereinafter referred to as "the Company") received the "Prior Notice" (Entrepreneurial Board Letter [2024] No. 114) issued by the Shenzhen Stock Exchange. The specific content is announced as follows:
1. Content of the "Prior Notice"
"Baoli New Energy Technology Co., Ltd.: From April 15, 2024, to May 16, 2024, the closing price of your company's stock has been below 1 yuan for twenty consecutive trading days, triggering the stock delisting conditions as per Article 10.2.1 of the Shenzhen Stock Exchange's "Rules for Listing of Stocks on the Entrepreneurial Board (2024 Revision)." The Exchange intends to decide to terminate the listing of your company's stock. According to the relevant provisions of the "Rules for Listing of Stocks on the Entrepreneurial Board (2024 Revision)" and the "Self-Regulatory Hearing Procedures (2023 Revision)," your company has the right to apply for a hearing. If you wish to apply for a hearing, you must submit a written application to the Exchange within five trading days from the date of receipt of this notice, specifying the specific matters and reasons. Your company may also submit relevant written statements and defenses to the Exchange within ten trading days from the date of receipt of this notice, along with supporting documents. Failure to do so will be deemed as a waiver of the right to a hearing, statement, and defense."
2. Subsequent Arrangements if Stock is Delisted
(1) Suspension Arrangement
According to Article 10.2.4 of the "Rules for Listing of Stocks on the Entrepreneurial Board (2024 Revision)," if a listed company encounters a mandatory delisting situation, it must disclose this on the next trading day. Therefore, the company's stock has been suspended from trading since May 17, 2024 (Friday).
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.