Zitian Technology(SZ:300280) Zheng Quan Zhi Xing·2025-06-03 11:23Core Points - The company, Fujian Zitian Media Technology Co., Ltd., is facing potential delisting due to false financial reporting as mandated by the Fujian Securities Regulatory Bureau [1][2] - The company has not yet appointed a qualified accounting firm to conduct a comprehensive audit of its financial reports, nor has it submitted a rectification report to the regulatory authority [1][2] - The stock has been under a delisting risk warning since May 20, 2025, and if the company fails to rectify the issues within two months, it may face termination of its stock listing [1][2] Group 1: Reasons for Potential Delisting - The company received a decision from the Fujian Securities Regulatory Bureau on February 14, 2025, requiring it to correct its financial reports within 30 days [1] - As of now, the company has not engaged a qualified accounting firm or submitted a rectification report, which is a violation of the Shenzhen Stock Exchange's rules [1] - If the company does not complete the necessary corrections within the stipulated time frame, its stock may be delisted [1] Group 2: Suspension Progress and Future Impact - The company's stock has been suspended since May 6, 2025, due to its failure to disclose the annual report within the legal deadline [2] - If the annual report is not disclosed within two months of the suspension, the stock is expected to resume trading on July 7, 2025 [2] Group 3: Other Risk Alerts - The company is under investigation by the China Securities Regulatory Commission, and it is cooperating with the investigation while adhering to disclosure obligations [2] - The company and its executives are facing potential fines and market bans due to the violations identified by the regulatory authority [2]