This announcement informs that Baofeng Group has not appointed a CFO or auditor, failing to disclose its 2019 annual report within the legal deadline. The company is under investigation by the CSRC and faces potential negative net asset risks. If the annual report shows negative net assets, the Shenzhen Stock Exchange may suspend or terminate the company's stock listing.
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Baofeng Group Co., Ltd. (Stock Code: 300431, Stock Abbreviation: Baofeng Group)
Announcement No.: 2020-042
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
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