Important Content Reminder:
- Type of securities to be delisted: Renminbi ordinary shares, stock abbreviation: *ST Netposa, stock code: 300367.
- The start date for the company's stock entering the delisting transition period is June 9, 2022, with a transition period of 15 trading days, and the expected last trading date is June 29, 2022.
- During the delisting transition period, the stock will be traded on the risk warning board. On the first trading day of the transition period, there will be no price fluctuation limits, followed by a daily fluctuation limit of 20%.
- Investors, securities companies, and other market participants are advised to settle stock pledge repurchase, agreed repurchase, margin financing, transfer financing, and Shenzhen Stock Connect transactions before the stock is delisted.
- For judicial freeze transactions expiring after the stock is delisted and before the completion of the initial registration in the delisting section, it is recommended that the competent authorities handle the renewal procedures in advance through the original enforcement channels before the stock is delisted.
Main Content of the Delisting Decision
On May 31, 2022, Netposa Technology Co., Ltd. (hereinafter referred to as "the Company" or "Netposa") received the decision from the Shenzhen Stock Exchange regarding the termination of its stock listing (Shenzhen Stock Exchange [2022] No. 529). The decision to terminate the listing was made due to the company's negative net assets as of the end of 2020, which led to a delisting risk warning being implemented on April 8, 2022.