On July 18, Gelunhui reported that ST Xudian (000413.SZ) would be delisted from the Shenzhen Stock Exchange if the closing prices of its A-shares and B-shares were both below RMB1 for 20 consecutive trading days, according to Article 9.2.1, paragraph 1, sub-item (5) and Article 9.1.15 of the Shenzhen Stock Exchange Listing Rules. Stocks that are delisted due to a mandatory delisting event will not enter the delisting consolidation period.
On July 18, 2024, the closing price of the company's A-shares was RMB0.95 per share, and the closing price of the company's B-shares was HKD0.41 per share (calculated as RMB0.37 per share based on the exchange rate of HKD100 to RMB91.339 announced by the State Administration of Foreign Exchange on July 12, 2024, the last trading day of the previous week, using the SZSE composite index). The closing prices of the company's A-shares and B-shares were both below RMB1 for the first time, and the company's stock may be at risk of being delisted due to its share price being below par value.