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 the Shenzhen Stock Exchange to terminate its stock listing due to failure to rectify financial reporting issues within the required timeframe [1][2] - The stock will enter a delisting arrangement period of fifteen trading days starting from September 15, 2025, with the expected last trading date on October 13, 2025 [3][4] - During the delisting period, the stock will trade on the risk warning board with no price limit on the first trading day, followed by a daily price limit of 20% [4] Summary by Sections Termination of Listing - The company failed to disclose corrected financial reports within two months after being warned of delisting risks, leading to the termination of its stock listing [2] - The decision is based on the Shenzhen Stock Exchange's rules regarding delisting circumstances [2] Delisting Period Arrangements - The stock will be managed by the National Equities Exchange and Quotations (NEEQ) after delisting, and the company must appoint a securities firm for the transfer services [3] - The delisting period will not involve any major asset restructuring activities by the company [4] Information Disclosure - The company has designated specific media for information disclosure and provided contact details for investor inquiries [3] - Risk warning announcements will be issued every five trading days during the delisting period, with daily announcements in the last five trading days [4]