Securities Code: 300392
Securities Abbreviation: *ST Tengxin
Announcement Number: 2023-077
Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. (hereinafter referred to as "the Company") received the Shenzhen Stock Exchange's (hereinafter referred to as "SZSE") "Advance Notice" (Entrepreneurial Board Letter [2023] No. 69) on May 5, 2023. The Company hereby announces the specific content of the "Advance Notice" and the risk warning regarding the potential delisting of its stock as follows:
1. Main Content of the "Advance Notice"
Beijing Tengxin Innovation Network Marketing Technology Co., Ltd.: Due to your company's 2021 financial accounting report being issued with an audit report that expresses an inability to provide an opinion, your company's stock trading has been subject to delisting risk warning since May 5, 2022. The audited financial accounting report disclosed by your company on April 29, 2023, shows that your company's audited net assets at the end of 2022 were -644 million yuan, and the financial accounting report for 2022 was issued with an audit report expressing an inability to provide an opinion, triggering the conditions for delisting as stipulated in Article 10.3.10, Paragraph 1, Items 2 and 3 of the "Listing Rules for Stocks on the Entrepreneurial Board (2023 Revision)." The SZSE intends to decide to terminate the listing of your company's stock.