Zheng Quan Shi Bao·2025-09-26 00:34Group 1 - *ST Tianmao has voluntarily applied for termination of its stock listing, with the Shenzhen Stock Exchange deciding to delist the company effective September 25, 2025 [1][4] - The company primarily engages in insurance business through its subsidiaries, Guohua Life and Huarui Insurance, with insurance-related revenue accounting for 99.99% of its main business income [4] - The company announced its intention to withdraw its A-share listing in August 2025, citing significant uncertainties due to business restructuring [4] Group 2 - The company provided investors with a cash option for shares at a price of 1.60 CNY per share, with approximately 1.442 billion cash options effectively declared during the exercise period [5] - As of July 18, 2025, the company had 112,000 shareholders, and its last trading price before suspension was 1.58 CNY per share, giving it a market capitalization of approximately 7.7 billion CNY [5] - The stock will not enter a delisting adjustment period as per the Shenzhen Stock Exchange listing rules, meaning the delisting process will be immediate [4]