Zhitong Finance App News, Zhengyuan Co., Ltd. (600321.SH) issued an announcement. The daily stock closing price of the company's shares has been below RMB 1 for 20 consecutive trading days, which has already touched the trading delisting index stipulated in the “Shanghai Stock Exchange Stock Listing Rules”. According to the relevant provisions of the “Stock Listing Rules”, trading of the company's shares will be suspended from the opening of the market on May 31, 2024 (Friday).
The company received the “Advance Notice Concerning the Intent to Terminate the Stock Listing of Zhengyuan Holdings Co., Ltd.” issued by the Shanghai Stock Exchange on May 30, 2024. The Shanghai Stock Exchange stated that from April 30, 2024 to May 30, 2024, the daily stock closing price of your company's shares was less than 1 yuan for 20 consecutive trading days. According to section 9.2.1 of the “Shanghai Stock Exchange Stock Listing Rules (April 2024 Revision)”, your company's shares have reached the conditions for termination of listing. The firm will decide to terminate the listing of your company's shares in accordance with the provisions of section 9.1.10 and section 9.2.7 of the “Stock Listing Rules”.