Topscore Fashion(SH:603608) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-15 03:36Core Viewpoint - Tianchuang Fashion Co., Ltd. is facing delisting risk due to the issuance of an adverse audit report for its 2023 financial statements, which has led to the implementation of delisting risk warnings starting from May 6, 2024 [2][3]. Group 1: Delisting Risk Warnings - The company disclosed a notice regarding the implementation of delisting risk warnings and other risk warnings, effective from May 6, 2024 [2]. - This is the sixth risk warning announcement, and the company is required to disclose risk warning announcements every 10 trading days until the annual report is released [2][6]. - If the company does not meet the conditions to revoke the delisting risk warning or fails to apply for revocation within the specified period, its stock will face the risk of being delisted [4]. Group 2: Reasons for Potential Delisting - The company received an audit report with a disclaimer of opinion from PwC Zhongtian, which triggered the delisting risk warning under the Shanghai Stock Exchange listing rules [3]. - Specific conditions under which the company can apply for the revocation of the delisting risk warning include having no negative net assets or negative profits in the most recent audited financial statements [3]. Group 3: Company’s Response and Progress - The company is actively cooperating with regulatory requirements and implementing corrective measures to eliminate the risks associated with the adverse audit opinions [5]. - The company has been disclosing updates on its annual report preparation and audit progress, with the latest updates provided in monthly announcements [5]. Group 4: Disclosure Compliance - The company is adhering to the disclosure requirements set forth by the Shanghai Stock Exchange and has provided multiple risk warning announcements since the first one on January 25, 2025 [6].