ST Zitian: Shenzhen Stock Exchange plans to terminate the company's stock listing trading.
*ST Zitian Announcement: The company received a "Notice in Advance" from the Shenzhen Stock Exchange on July 23, 2025, indicating that the Shenzhen Stock Exchange intends to terminate the company's stock trading. Previously, the company was required by the China Securities Regulatory Commission to correct the false records in its financial accounting reports, but failed to complete the rectification within the required time frame. Additionally, the company did not complete the rectification within two months of its stock being suspended from trading, leading to the implementation of a delisting risk warning for the company. As of July 19, 2025, the company has still not disclosed the corrected financial accounting reports, triggering the possibility of stock termination. The company has the right to apply for a hearing within five trading days of receiving the notice, or to submit written statements and defenses within ten trading days.
Latest