300431SZSE

Announcement on the Suspension of Company Stock Listing

Storm Retreat Co., Ltd.··3 pages

✨ AI Summary

The announcement informs that Baofeng Group's stock will be suspended from listing starting July 8, 2020, due to the failure to disclose the 2019 annual report by the legal deadline. The company will provide monthly updates on efforts to restore the listing and warns of the risk of delisting. The board aims to appoint an auditing firm and disclose the annual report within one month.

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Full Translation

AI Translation· azure_openai

Baofeng Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. The Company failed to disclose the 2019 annual report before June 30, 2020, and its stock has been suspended since July 1, 2020. The Shenzhen Stock Exchange delivered the decision to suspend the Company's stock listing starting July 8, 2020, on July 7, 2020.
  2. During the suspension period, the Company will disclose the measures taken to restore the listing and relevant progress within the first five trading days of each month, and will remind investors of the risk of potential delisting. Investors are advised to pay attention to investment risks.
  3. Company contact information: Phone: 010-62036993, Email: ir@baofenghd.com

On July 7, 2020, Baofeng Group Co., Ltd. received the Shenzhen Stock Exchange's decision on the suspension of its stock listing (Shenzhen Stock Exchange [2020] No. 607). The Company's stock will be suspended from listing starting July 8, 2020. The relevant situation is announced as follows:

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