Core Points - Tianmao Group plans to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange and will apply to transfer to the delisting section managed by the National SME Share Transfer System after the termination of listing [1][2] - The decision for voluntary delisting was approved at the company's first extraordinary general meeting on August 25, 2025 [1] Summary by Sections Delisting Process - The voluntary delisting falls under the provisions of Article 9.7.1 of the Shenzhen Stock Exchange Listing Rules [2] - The company has submitted the necessary application materials for voluntary delisting to the Shenzhen Stock Exchange [2] - The company faced delisting risk warnings due to its inability to disclose the 2024 annual report and the 2025 first-quarter report within the statutory timeframe [2] Financial and Legal Opinions - The financial advisor, CITIC Securities, issued an opinion stating that the voluntary delisting aligns with the Shenzhen Stock Exchange Listing Rules and that the company has made arrangements for dissenting shareholders [3] - The legal advisor, Guohao Law Firm, confirmed that the delisting method and plan comply with relevant laws and regulations, and the necessary internal decision-making procedures have been followed [3] Next Steps - The termination of the company's stock listing is pending a decision from the Shenzhen Stock Exchange [3] - Investors are advised to pay attention to subsequent announcements from the company [3]
天茂实业集团股份有限公司 关于向深圳证券交易所提出终止上市申请的公告
Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-05 04:56