*ST高鸿：收到股票终止上市决定

Core Points - *ST Gaohong (000851) announced the decision of termination of its stock listing by the Shenzhen Stock Exchange due to its stock closing price being below 1 yuan for twenty consecutive trading days from September 1 to September 26, 2025 [1] - The company will not enter a delisting transition period and will be delisted within fifteen trading days after the termination decision [1] - The company has signed a stock transfer agreement with Pacific Securities, appointing it as the agency for the transfer [1]