1. Overview of Delisting Situation
Jiangsu Deway New Materials Co., Ltd. disclosed the "Notice on the Implementation of Delisting Risk Warning and Suspension of Trading of Company Stock" (Announcement No.: 2021-029) on April 27, 2021. Due to an audit report for the year 2020 that expressed no opinion, the company's stock was subject to delisting risk warning starting April 29, 2021, and the stock abbreviation was changed from "Deway New Materials" to "*ST Deway." According to the company's "2021 Annual Report" and "2021 Annual Audit Report," the audited net assets at the end of 2021 were negative, and the financial report received an audit report with no opinion from Lixin Certified Public Accountants (Special General Partnership). The company triggered the delisting criteria under Article 10.3.10 of the "Shenzhen Stock Exchange GEM Stock Listing Rules (Revised December 2020)" (hereinafter referred to as the "Listing Rules"), specifically item (2) regarding negative audited net assets and item (3) regarding audit reports with reserved opinions, no opinions, or negative opinions.