The stock abbreviation of Modern Avenue Group (002656.SZ) will be changed to "ST Modern" Starting from March 7th, it will be suspended for one day.

Modern Avenue Group (002656.SZ) announced that the company has completed the requirements of the "Decision on Ordering Corrective Measures for Modern Avenue Fashion Group Co., Ltd. and Guangzhou Ruifeng Group Co., Ltd." issued by the Guangdong Regulatory Bureau of the China Securities Regulatory Commission. The company believes that the delisting risk warning situation (*ST) triggered by the non-operational capital occupation by the original controlling shareholder Guangzhou Ruifeng Group Co., Ltd. ("Ruifeng Group") has been eliminated. The company has applied to the Shenzhen Stock Exchange to revoke the corresponding delisting risk warning (*ST). As of the date of this announcement, the company still faces other risk warning (ST) situations, and the company's stock will continue to be subject to other risk warnings (ST). The company's stock abbreviation will be changed from "Modern Avenue Group" to "ST Modern". The company's stock will be suspended from trading for one day starting from March 7, 2025, and resume trading from March 10, 2025.