Zitian Technology(SZ:300280) Zheng Quan Zhi Xing·2025-09-05 13:13Core Points - Fujian Zitian Media Technology Co., Ltd. has received a decision from Shenzhen Stock Exchange to terminate its stock listing due to failure to complete required rectifications within the specified timeframe [2][3] - The stock will enter a delisting arrangement period starting from September 15, 2025, lasting for fifteen trading days, with the expected last trading date on October 13, 2025 [2][3] - During the delisting arrangement period, the stock will be traded on the risk warning board with a daily price fluctuation limit of 20% after the first day [3] Summary by Sections Termination of Listing Decision - The company failed to disclose corrected financial reports within the required two-month period after being warned of delisting risks, leading to the termination of its stock listing [2] - The decision allows the company to apply for a review within fifteen trading days, but the termination will remain in effect during the review period [2] Delisting Arrangement Period - The delisting arrangement period will begin on September 15, 2025, and will last for fifteen trading days, with the last trading day expected to be October 13, 2025 [2][3] - The stock will not be suspended from trading during this period, except under special circumstances [3] Trading and Risk Disclosure - The company will issue risk warning announcements at the start of the delisting arrangement period and subsequently every five trading days, with daily announcements in the last five trading days [3] - After termination, the stock will be managed by the National Equities Exchange and Quotations (NEEQ) for transfer [3] Other Important Matters - The company will not plan or implement any major asset restructuring during the delisting arrangement period [4] - All information will be disclosed through designated media, and the company will ensure compliance with relevant regulations regarding the management of its stock post-delisting [4]