Gome Telecom Equipment (600898.SH) has received a prior notice of intention to terminate the company's listing of stocks.
10/01/2025
GMT Eight
Gome Telecom Equipment (600898.SH) Announcement: The company received a "Pre-notification Letter on the Proposed Termination of the Listing of Gome Telecom Equipment Co., Ltd." (Shanghai Stock Exchange Letter [2025] No. 0041) issued by the Shanghai Stock Exchange on January 10, 2025. The full text of the notification is as follows:
"Gome Telecom Equipment Co., Ltd.: As of January 10, 2025, the total market value of your company's stock has been below 500 million RMB for 20 consecutive trading days. According to the provisions of the "Shanghai Stock Exchange Listing Rules (Revised in April 2024)" (hereinafter referred to as the "Listing Rules") Article 9.2.1, your company's stock has reached the situation of delisting. The Exchange will make a decision to delist your company's stock in accordance with Article 9.1.10 and Article 9.2.7 of the Listing Rules. If your company wishes to request a hearing, you should submit a written hearing application to our department within 5 trading days after receiving this notice, stating the matters for the hearing and the reasons for defense."