Jiangsu Boxin Investing & Holdings (600083.SH) has received a preliminary notice of the proposed termination of the company's stock listing.

Jiangsu Boxin Investing & Holdings (600083.SH) announced that on January 16, 2025, the company received a preliminary notice letter from the Shanghai Stock Exchange regarding the proposed termination of the listing of Jiangsu Boxin Investment Holdings Co., Ltd. (referred to as "Pre-Notification Letter" with Shanghai Stock Exchange Letter [2025] 0065). The full text of the pre-notification letter is announced as follows: "As of January 16, 2025, your company's stock has had a daily stock closing total market value lower than 500 million RMB for 20 consecutive trading days. According to 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 triggered the situation for termination of listing. The Exchange will make a decision to terminate the listing of your company's stock in accordance with Article 9.1.10 and Article 9.2.7 of the Listing Rules. If your company applies for a hearing, you should submit a written hearing application to us within 5 trading days after receiving this notification, stating the matters for the hearing and reasons for defense."