On September 21, Storm Group officially entered the delisting and consolidation period, opening 20% lower in early trading, closing and falling to a standstill.

According to the news, on September 19, Storm Group issued an announcement stating that the company received the Shenzhen Stock Exchange's “Decision on Termination of the Stock Listing of Storm Group Co., Ltd.” on August 28, 2020. Since September 21, the company's stock trading will enter the delisting period. The company's shares will be delisted 30 trading days after the delisting period.

The announcement stated that during the delisting and consolidation period of Storm Group shares, the company will not plan or carry out major asset restructuring matters.

It is worth noting that Storm Group is also the first individual stock to enter the delisting period under the GEM registration system. According to the “Notice Concerning GEM Risk Warning Stocks and Stock Trading System Arrangements during the Delisting Period”, the price increase or decrease ratio for Storm Group shares during the delisting period is limited to 20%.

In 2005, Feng Xin founded Beijing Thermal Technology Co., Ltd. Two years later, Feng Xin bought Storm Video, and Storm Technology began to advance the Internet frontier. Storm Technology is the predecessor of Storm Group.

On March 24, 2015, Storm Technology landed on the GEM with an issue price of 7.14 yuan/share per share. At the time, the rare Internet gene made Storm Technology highly sought after by capital. After listing, Storm Technology began a continuous rise and fall model. According to statistics, Storm Technology had 37 ups and downs in the 40 trading days from the first listing to May 21, 2015. At the time, Storm's stock price soared from 7.14 yuan/share to 327 yuan/share, and at one point the market capitalization also surpassed 40 billion yuan.

The good times didn't last long. In September 2019, Feng Xin was approved for arrest on suspicion of bribing non-state workers and embezzlement of positions. Storm Group, which lost Feng Xin, fell apart, and its stock price went all the way down. At the end of trading, the stock price closed at 1.48 yuan, with a market capitalization of 488 million yuan, a contraction of 98.8%, leaving less than 500 million yuan in market value.

According to the latest data, Storm Group still has 60,000 shareholders.