Ge Long Hui A P P·2025-11-03 14:17Core Viewpoint - *ST Gaohong's stock will be delisted due to its closing price being below 1 yuan for twenty consecutive trading days, marking a forced delisting scenario [1] Summary by Sections Delisting Decision - The Shenzhen Stock Exchange has decided to terminate the listing of *ST Gaohong (000851.SZ) [1] - The stock's closing price was below 1 yuan from September 1 to September 26, 2025, triggering the delisting rule [1] Timeline and Process - The stock will be delisted fifteen trading days after the delisting decision is made [1] - The company will not enter a delisting adjustment period [1] Actions Taken - *ST Gaohong has signed a stock transfer agreement with Pacific Securities, appointing them as the agency for the transfer [1]