China Dive Company Limited(300526)
Special note on delisting risk warning
1、 Overview of delisting risk warning
China Dive Company Limited(300526) (hereinafter referred to as “the company” or ” China Dive Company Limited(300526) “) the audited net profit attributable to shareholders of listed companies before and after deducting non recurring profits and losses in 2021 is negative, and the operating income after deducting business income unrelated to main business and income without commercial substance is less than 100 million yuan. The company disclosed the 2021 annual report on April 22, 2022. The report shows that the audited net profit before and after deducting non recurring profits and losses attributable to the shareholders of the listed company in 2021 is negative, and the operating income after deducting business income irrelevant to the main business and income without commercial substance is less than 100 million yuan.
According to Item 1, paragraph 1, article 10.3.1 of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), in case of “the audited net profit in the latest fiscal year is negative and the operating income is less than 100 million yuan, or the net profit in the latest fiscal year is negative and the operating income is less than 100 million yuan after retroactive restatement”, the company’s stock trading will be subject to delisting risk warning. (the abbreviation of the stock is preceded by ” ST”).
2、 Impact of delisting risk warning on the company
According to article 10.1.4 of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), if a listed company’s stock trading will be subject to delisting risk warning, it shall disclose the announcement that the company’s stock trading will be subject to delisting risk warning, explain the starting date and main reasons of being subject to delisting risk warning, and prompt relevant risks. The trading of the company’s shares shall be suspended for one day after the announcement. From the date of resumption of trading, the exchange shall implement delisting risk warning for its stock trading.
3、 Description of the board of directors
The board of directors of the company will continue to improve its working methods according to the actual situation of the company, and adhere to carrying out various operation and management work in accordance with laws and regulations and with diligence and responsibility. Under the condition of actively seeking the support of all parties, we will strive to improve the operation, comprehensively rectify the internal control system and actively maintain the shareholder relationship at the same time, strive to improve the current situation of the company as soon as possible, and provide strong guarantee for the follow-up operation and development, so as to safeguard the legitimate rights and interests of the company and all shareholders.
China Dive Company Limited(300526) April 22, 2022
