Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. faces significant risk of forced delisting due to major legal violations, as indicated by the China Securities Regulatory Commission's investigation and potential administrative penalties [1] Group 1: Major Legal Issues - The company was investigated by the China Securities Regulatory Commission on December 4, 2024, and received a notice of administrative penalty on June 13, 2025, which suggests possible forced delisting due to major violations [1] - The company is required to disclose any relevant information regarding administrative penalties and may face long-term suspension of trading if delisting is determined [1] Group 2: Stock Trading Suspension - The company's stock was suspended from trading starting August 28, 2025, due to abnormal trading fluctuations, with a cumulative price increase of 42.14% over two consecutive trading days [2] - The suspension is expected to last no more than five trading days, with a potential resumption of trading by September 4, 2025, depending on the progress of the investigation [2] Group 3: Future Arrangements - The company has not planned any major corporate actions such as debt restructuring, business restructuring, or significant partnerships, and investors are cautioned about the risks of stock speculation [3]
*ST广道: 股票异常波动暨停牌核查公告