Announcement on Abnormal Fluctuations in Stock Trading
Special Reminder:
- According to Article 10.2.1 of the "Shenzhen Stock Exchange GEM Listing Rules (Revised August 2023)," if a listed company has a closing stock price below 1 RMB for twenty consecutive trading days, the Shenzhen Stock Exchange will terminate its stock listing. As of April 29, 2024, the company's stock closing price has been below 1 RMB for sixteen consecutive trading days, posing a risk of delisting due to the stock price being below par value.
- On April 21, 2024, the company received a "Notice of Investigation" (No. 007202418) from the China Securities Regulatory Commission. Due to suspected violations of information disclosure laws, the Commission decided to investigate the company on April 19, 2024, in accordance with the "Securities Law of the People's Republic of China" and the "Administrative Penalty Law of the People's Republic of China."
Specific Situation of Abnormal Stock Trading Fluctuations
Meishang Ecological Landscape Co., Ltd. (hereinafter referred to as "the Company") (Stock Code: 300495, Stock Abbreviation: *ST Meishang) has experienced a cumulative decline exceeding 30% in closing prices over two consecutive trading days (April 26, 2024, and April 29, 2024), which is classified as abnormal stock trading fluctuations according to relevant provisions of the "Shenzhen Stock Exchange Trading Rules."