Shanghai Ba'an Water Co., Ltd.
Announcement No.: 2024-068
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Reasons for Possible Termination of Stock Listing
According to Article 10.2.1 of the "Shenzhen Stock Exchange GEM Listing Rules" (2024 Revision), if a company's stock closes below 1 RMB for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of the date of this announcement, the company's stock has closed below 1 RMB for 20 consecutive trading days, triggering the aforementioned delisting conditions.
II. Stock Suspension Arrangement, Delisting Decision, Delisting Transition Period Arrangement, and Post-Delisting Arrangement
(A) Suspension Arrangement
According to Article 10.2.4 of the "Shenzhen Stock Exchange GEM Listing Rules" (2024 Revision), if a listed company meets any of the conditions specified in Article 10.2.1, it must disclose the suspension of its stock on the next trading day. The company's stock will be suspended from trading starting June 19, 2024 (Wednesday).