On June 17th, Gelunhui announced the fifth risk warning about ST Lianluo (002280.SZ) stock potentially being delisted due to a stock price below face value. As of June 17th, 2024, the stock closing price of Hangzhou Lianluo Interactive Information Technology Co., Ltd. (hereinafter referred to as the “Company”) has been below 1 yuan for 13 consecutive trading days. According to Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if the closing price of the company's stock is below 1 yuan for 20 consecutive trading days, the company's stock will be delisted from trading on the Shenzhen Stock Exchange. According to Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules, if the company's stock is delisted due to mandatory delisting, the company's stock will not enter the delisting arrangement period.
According to Article 9.2.4 of the Shenzhen Stock Exchange Listing Rules, if the daily closing price of a listed company's stock is below 1 yuan for ten consecutive trading days, the company shall disclose a risk warning about the possibility of the stock being delisted due to the stock price being lower than the face value. The company shall disclose such warning once per trading day thereafter until the corresponding situation is eliminated or the date on which the Shenzhen Stock Exchange decides to delist the company's stock. We kindly remind investors to invest rationally and pay attention to the risks.