Baofeng Group Co., Ltd. (Stock Code: 300431, Stock Abbreviation: Baofeng Group) hereby announces the following regarding the risk of stock suspension from listing. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
300431SZSE
Notice on the Risk of Stock Suspension from Listing
✨ AI Summary
This announcement informs that Baofeng Group has not appointed a CFO or audit firm, making it unable to disclose its 2019 annual report by June 30, 2020. Consequently, trading of its stock will be suspended starting July 1, 2020, with a potential delisting if the report is not submitted within two months. The company is also under investigation by the CSRC, further complicating its financial situation.
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