Gome Telecom Equipment (600898.SH): Market value falls to 2.11 billion yuan, trading suspended on January 13th. The Shanghai Stock Exchange will review whether to terminate the listing.

Gome Telecom Equipment (600898.SH) announced that as of January 10, 2025, the company's total market value at the close of trading was 2.11 billion yuan, which has been consistently below 500 million yuan for 20 consecutive trading days. According to Rule 9.2.1(5) of the Stock Listing Rules, the company's stock has reached the conditions for termination of listing. The company's stock may be delisted from trading on the Shanghai Stock Exchange. According to the Stock Listing Rules, the company's stock will be suspended from trading starting from January 13, 2025 (Monday). The Listing Committee of the SSE will review the matter of whether to terminate the listing of the company's stock within 15 trading days after the deadline for the company to provide a hearing, statement, and defense, or the conclusion of the hearing procedure, and make an independent professional judgment and form an opinion. Based on the opinion of the Listing Committee, the SSE will make the decision on whether to terminate the listing of the stock. Within 5 trading days after announcing the decision to terminate the listing of the company's stock, the SSE will delist the stock.