Risk Warning Announcement Regarding Possible Termination of Company Stock Listing
Nanjing Yuebo Power System 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, with no false records, misleading statements, or significant omissions.
Special Reminder:
- The Company disclosed the "Announcement on the Implementation of Delisting Risk Warning and Other Risk Warnings for Company Stock Trading and Stock Suspension" (Announcement No. 2023-057) on April 28, 2023. The audited owner's equity attributable to shareholders of the listed company for 2022 was -83.5991 million yuan, which triggers the provision of Article 10.3.1 of the "Shenzhen Stock Exchange GEM Listing Rules" (hereinafter referred to as "GEM Listing Rules") regarding "negative net assets at the end of the most recent audited fiscal year or negative net assets after retrospective restatement." As a result, the Company's stock was subject to delisting risk warning starting from May 4, 2023. The net profit for the last three fiscal years, excluding non-recurring gains and losses, was negative, and Zhongzheng Asia-Pacific Accounting Firm (Special General Partnership) issued a qualified audit report with a significant uncertainty regarding the Company's ability to continue as a going concern for the 2022 financial report. According to Article 9.4, Item 6 of the GEM Listing Rules, the Shenzhen Stock Exchange also implemented other risk warnings for the Company's stock trading. If the Company encounters any of the situations specified in Article 10.3.10, Items 1 to 6 of the GEM Listing Rules, there is a risk of termination of the stock listing. Investors are advised to invest rationally and pay attention to risks.
As of the date of this announcement, the financial circumstances that may lead to termination of the listing of the Company's stock are as follows:
| Specific Circumstances | Applicable (Check if applicable) |
|---|---|
| Audited net profit is negative and operating income is below 100 million yuan, or negative net profit after retrospective restatement and operating income is below 100 million yuan. | |
| Audited net assets at the end of the fiscal year are negative, or negative net assets after retrospective restatement for the most recent fiscal year. | √ |
| Financial accounting report issued with a qualified opinion, disclaimer of opinion, or adverse opinion. | √ |
| Failure to disclose a majority of directors' guarantee of the truthfulness, accuracy, and completeness of the annual report within the statutory period. | √ |