I. Possible Termination of Stock Listing Due to Price Falling Below Par Value
According to Article 10.2.1 of the "Shenzhen Stock Exchange GEM Stock Listing Rules (2024 Revision)," if a listed company has a daily closing price below 1 yuan for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of May 15, 2024, the company's stock closing price has been below 1 yuan for 19 consecutive trading days, and it is expected to reach the delisting criteria after the close of trading on May 16, 2024. The company's stock is expected to be suspended from trading starting May 17, 2024. Investors are advised to pay attention to the risks.