On July 21, Guanghui Baoxin (01293.HK) issued an announcement stating that on July 21, 2024, the company was informed by its controlling shareholder, China Grand Automotive Services Group (600297.SH), that it had received the Preliminary Notice of Intention to Terminate the Listing of Shares and Convertible Corporate Bonds of Guanghui Automobile Service Group Co., Ltd. (Shanghai Stock Exchange Letter [2024] No. 1004) (the "Notice"), due to its daily closing price of A shares being lower than RMB 1.00 for 20 consecutive trading days from June 20, 2024 to July 17, 2024, triggering the conditions for delisting under the Listing Rules of the Shanghai Stock Exchange. According to the Notice, the Shanghai Stock Exchange will make a decision to terminate the listing of the stocks and convertible corporate bonds issued by Guanghui Automobile in accordance with the Listing Rules of the Shanghai Stock Exchange, and Guanghui Automobile can apply for a hearing to explain the case and make a defense within five trading days after receiving the Notice. As of the date of this announcement, Guanghui Automobile holds 68.56% of the company's issued share capital.
广汇宝信(01293.HK)：控股股东收到上交所拟终止上市告知书
Grand Baoxin (01293.HK): The controlling shareholder has received the notice of the proposed termination of listing from the Shanghai Stock Exchange.
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