Core Points - *ST Gaohong (000851.SZ) has reported that its stock price has been below 1 yuan for twenty consecutive trading days as of September 26, 2025 [1] - According to the Shenzhen Stock Exchange's listing rules, companies with A-shares that have a stock closing price below 1 yuan for twenty consecutive trading days will have their stock trading terminated [1] - The stock will be suspended from trading starting September 29, 2025, following the announcement [1] Summary by Sections - Stock Performance - *ST Gaohong's stock price has been below 1 yuan for twenty consecutive trading days [1] - Regulatory Framework - The termination of trading is based on Article 9.2.1 and Article 9.1.15 of the Shenzhen Stock Exchange's listing rules [1] - Companies that fall under this category will not enter a delisting preparation period [1] - Trading Suspension - The stock will be suspended from trading on September 29, 2025, as per the regulations [1]
*ST高鸿(000851.SZ):公司股票将被终止上市暨停牌