On the 22nd, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) (full name ” Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) “) announced that the company’s financial indicators were unqualified for three consecutive years due to financial fraud, and the Shanghai Stock Exchange decided to terminate the listing of the company’s shares. This also means that Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) will become the first delisted stock in the year.
According to the facts identified in the decision on administrative punishment (No. [2022] 4) of China Securities Regulatory Commission, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) has falsely increased operating income in 2018 and 2019. After deducting the falsely increased operating income, the actual operating income of the company for three consecutive fiscal years in 2018, 2019 and 2020 was less than RMB 10 million, and the financial and accounting report of 2020 was issued with qualified audit report.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) the above-mentioned financial fraud has caused the company’s financial indicators from 2018 to 2020 to actually touch the situation of major illegal compulsory delisting stipulated in the original measures for the implementation of major illegal compulsory delisting of listed companies on Shanghai Stock Exchange. According to relevant regulations, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares shall be subject to major illegal compulsory delisting. After deliberation by the Listing Committee of Shanghai Stock Exchange, Shanghai Stock Exchange decided to terminate the listing of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares.
According to the regulations, from the next trading day after the expiration of five trading days after the date of announcement of this decision by Shanghai Stock Exchange, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares resume trading and enter the delisting consolidation period, which is 15 trading days. Shanghai Stock Exchange delisted Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares and terminated the listing of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares within 5 trading days after the expiration of the delisting period. (end)
