Shanghai Securities News China Securities Network News (Reporter Kong Ziyuan)*ST Yilian (Rights Protection) issued an announcement on stock trading changessilverballarcade, the company's stock has closed below 1 yuan for five consecutive trading days starting from May 20, 2024. If the daily stock closing price for 20 consecutive trading days is less than 1 yuan, the company's stock may be terminated from listing and trading on the Shanghai Stock Exchange. On February 27, 2024, the company received the "Notice of Filing a Case" from the China Securities Regulatory Commission. If the company is subject to administrative penalties by the China Securities Regulatory Commission for matters filed for investigation, and based on the facts determined in the administrative penalty decision, the Shanghai Stock Exchange is involved. If there is a major illegal and compulsory delisting as stipulated in the Stock Listing Rules (revised in April 2024), the company's shares will be subject to compulsory delisting. As of now, the investigation by the China Securities Regulatory Commission is still in progress, and the company has not received conclusive opinions or decisions on the above-mentioned investigation matters. In 2023, the company was issued an audit report with no opinion and an internal control audit report with negative opinions. In accordance with the "Stock Listing Rules", the company's shares were subject to delisting risk warnings andsilverballarcadeHe warned of risks.
(Article source: Shanghai Securities News and China Securities Network)