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Securities Code: 600823 Securities abbreviation: * ST Shimao announcement No.: Lin 2024-054
Bond code: 155391 Bond abbreviation: 19 Shimao G3
Bond code: 163216 bond abbreviation: 20 Shimao G1
Bond code: 163644 bond abbreviation: 20 Shimao G2
Bond code: 175077 Bond abbreviation: 20 Shimao G3
Bond code: 175192 Bond abbreviation: 20 Shimao G4
The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or material omissions in this announcement.CasinorouletteonlineAnd bear individual and joint and several liability for the authenticity, accuracy and completeness of its contents.
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● Shanghai Shimao Co., Ltd. (hereinafter referred to as "the Company" and "the Company") closed at 0 on May 6, 2024.Casinorouletteonline.61 yuan per share, which has been lower than 1 yuan per share for 13 consecutive trading days. Even if the next 7 trading days (excluding the company's stock all-day suspension day) continue to rise, it will hit the trading delisting target because the share price is less than 1 yuan for 20 consecutive trading days. According to the relevant provisions of the Stock listing rules of the Shanghai Stock Exchange, if a listed company that issues only A shares on the Shanghai Stock Exchange (hereinafter referred to as the Shanghai Stock Exchange) has a daily closing price of less than 1 yuan for 20 consecutive trading days, the company's shares may be terminated by the Shanghai Stock Exchange. Investors are invited to pay attention to the risks.
● in accordance with the relevant provisions of the Shanghai Stock Exchange listing rules, if the company touches the above trading category of compulsory delisting, the Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company's shares within 15 trading days. The stocks of compulsory delisting companies will not be traded during the delisting period, so please pay attention to the investment risk.
I. reasons for possible termination of listing
According to the relevant provisions of the Stock listing rules of the Shanghai Stock Exchange, if a listed company that issues only A-shares on the Shanghai Stock Exchange has a daily closing price of less than 1 yuan for 20 consecutive trading days, the company's shares may be terminated by the Shanghai Stock Exchange.
The company's shares closed at 0.61 yuan per share on May 6, 2024, which has been lower than 1 yuan per share for 13 consecutive trading days. There is a risk that the listing of the company's shares may be terminated because the share price is below par value.
II. Disclosure of previous announcements of risk reminders for termination of listing
According to the relevant provisions of the Stock listing rules of the Shanghai Stock Exchange, if the closing price of the stock is less than 1 yuan for the first time in a listed company that only issues A shares or B shares on the Shanghai Stock Exchange, it shall issue a risk warning notice that the company's shares may be terminated on the next trading day. If the closing price of the shares is less than 1 yuan per day for 10 consecutive trading days (excluding the day on which the shares of the company are suspended), a notice of the risk that the company's shares may be terminated shall be issued on the next trading day, and shall be disclosed once every trading day thereafter, until the closing price of the company's shares is eliminated or the termination of the listing occurs (whichever date is reached first).
On April 13, 2024, the company issued a "notice on the risk of terminating the listing of the company's shares due to the stock price of less than 1 yuan" (announcement number: Lin 2024-031). On April 26th, 2024, the company issued the second risk warning announcement on the possible termination of the listing of the company's shares (announcement number: pro. 2024-037). The third risk warning announcement on the possible termination of the listing of the company's shares was issued on April 27th, 2024 (announcement number: pro. 2024-039). The fourth risk warning announcement on the possible termination of the listing of the company's shares was issued on April 30th, 2024 (announcement number: pro. 2024-046) The Fifth risk Alert notice on the possible termination of the listing of the Company's shares was issued on May 6, 2024 (announcement number: pro. 2024-051). This announcement is the sixth risk reminder announcement that may trigger the above termination of listing.
III. Other matters
1. As of December 31, 2023, the company has repurchased a total of 31750000 shares through centralized bidding on the Shanghai Stock Exchange, with a repurchase amount of 50.0312 million yuan. By March 31, 2024, the company had repurchased a total of 117938390 shares, accounting for 3.14% of the company's total share capital. The total amount repurchased is 147901799.12 yuan (excluding transaction fees) (for details, see Shimao shares 2023 Annual report disclosed on the website of the Shanghai Stock Exchange on April 30, 2024).
2. From May 31, 2023 to April 18, 2024, Shanghai Bora Enterprise Management Co., Ltd. (hereinafter referred to as "Shanghai Bora") increased its stake in 150046801 shares of the company through the competitive trading system of the Shanghai Stock Exchange, accounting for 4% of the company's total share capital. the amount of increase is 166.0083 million yuan. Four companies, namely, Fengying International Co., Ltd., Xizang Shimao Enterprise Development Co., Ltd., Shanghai Shimao Investment Management Co., Ltd., and Shanghai Bora, controlled by Mr. Xu Rongmao, the actual controller of the company, hold a total of 2824021796 shares in the company. It accounts for 75.28% of the total share capital of the Company (for details, see the "suggestive announcement on the Progress and 4% increase of the controlling shareholder or its Joint Actors' shareholding Plan" disclosed on the website of the Shanghai Stock Exchange, notice No.: pro. 2024-033).
3. ZTE Guanghua Accounting firm (Special General Partnership) audited the company's annual financial statements in 2023 and issued an audit report unable to express its opinion on April 28, 2024. The matter touched the relevant provisions of the rules governing the listing of shares on the Shanghai Stock Exchange, and the company's shares were warned of the risk of delisting.
4. The company issued a notice on the winding up of indirect controlling shareholders on the website of the Shanghai Stock Exchange on April 9, 2024. Shimao Group Holdings Limited (hereinafter referred to as "Shimao Group"), the company's indirect controlling shareholder, was submitted by China Construction Bank (Asia) Co., Ltd. on April 5, 2024 to the High Court of the Hong Kong Special Administrative region for winding up petition against Shimao Group. The financial obligations involving Shimao Group are about HK $1.5795 billion. The presentation of the winding-up petition does not mean that the petitioner can successfully wind up Shimao Group, and the impact of the incident on the company is uncertain given the uncertainty over whether Shimao Group will be wound up later.
5、公司于2024年5月6日在上海证券交易所网站发布《上海世茂股份有限公司关于未能按期支付债务的公告》（公告编号：临2024-053），截止2024年4月30日，公司及子公司公开市场债务、非公开市场的银行和非银金融机构债务累计120.55亿元未能按期支付。
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特此公告。
上海世茂股份有限公司
董事会
2024年5月7日