Core Points - The company Zitian Tui (300280) has announced that its stock will be delisted from the Shenzhen Stock Exchange [1] - The stock will enter a delisting preparation period starting from September 15, 2025, lasting for 15 trading days [1] - The last trading date for the stock is set for October 13, 2025, with the official delisting occurring on October 14, 2025 [1]

Core Points - Tianmao Group will officially delist after 29 years of being listed, with the stock set to be delisted on September 30, 2025 [1] - The company has faced poor performance in recent years, with a significant loss reported in 2023 and continued losses expected in 2024 [1][2] - The company has initiated a voluntary delisting process and will transfer to the National Equities Exchange and Quotations system for trading after delisting [3][4] Financial Performance - In 2023, Tianmao Group achieved a revenue of 49.699 billion yuan, a slight increase of 0.17% year-on-year, but reported a net loss of 0.652 billion yuan, a decline from a profit of 0.274 billion yuan in 2022 [1] - For 2024, the company forecasts a revenue of 40 billion to 43 billion yuan, down from 49.699 billion yuan in 2023, with an expected net loss of 0.5 billion to 0.75 billion yuan [1][2] Business Adjustments - The company has cited a challenging interest rate environment and increased reserve requirements as factors contributing to its losses [2] - Tianmao Group plans to undergo business restructuring, which introduces significant uncertainties that may impact the company [3] Shareholder Actions - The company has signed an agreement with Changcheng Guorui Securities to manage the share transfer process post-delist [4] - A cash option has been provided to shareholders, with 1.442 billion cash options effectively declared during the option period [6] - The cash option exercise price is set at 1.60 yuan per share, with a 1:1 exercise ratio for shareholders [6]

Group 1 - The company Tianmao Industrial Group Co., Ltd. (ST Tianmao, 000627) has voluntarily terminated its stock listing through a shareholder resolution, completing the cash option distribution [1] - As of August 13, the closing price was 1.58 CNY per share, while the cash option exercise price is set at 1.60 CNY per share [1] - The declaration period for eligible A-share shareholders to apply for the cash option is from September 15 to September 19, during specific trading hours [1] Group 2 - The provider of the cash option is Jingmen Weituo Hongcheng Management Partnership, which has the capability to fulfill its obligations [1] - Shareholders who do not apply or fail to apply effectively will not be able to receive the cash compensation, and the announcement advises investors to be aware of the risks [1]

Core Viewpoint - *ST Zitian (300280.SZ) announced that its stock will resume trading on September 15, 2025, and enter a delisting arrangement period lasting 15 trading days, with the expected last trading date on October 13, 2025 [1] Summary by Relevant Sections - **Delisting Arrangement** - The company will enter a delisting arrangement period for 15 trading days starting from September 15, 2025 [1] - The expected last trading date is October 13, 2025 [1] - **No Major Asset Restructuring** - During the delisting arrangement period, the company will not plan or implement any major asset restructuring [1] - **Investor Advisory** - Investors and securities firms are advised to settle related business before the stock is delisted [1]

Core Points - *ST Zitian has received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to financial reporting issues [1][5] - The stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, with the expected last trading day on October 13 [1] - Following the delisting preparation period, the stock will be delisted from the exchange [1][2] Financial Reporting Issues - The company was found to have false records in its financial accounting reports, leading to a directive from the China Securities Regulatory Commission (CSRC) for rectification, which was not completed within the required timeframe [5] - *ST Zitian has cumulatively inflated its revenue by 2.499 billion yuan over two consecutive years, with fraudulent activities identified in three periodic reports [5]

Core Viewpoint - The Company is undergoing a tender offer process aimed at delisting its shares from trading on AB Nasdaq Vilnius, with a specified offer price and timeline for implementation [1][2]. Group 1: Tender Offer Details - The tender offer price is set at EUR 0.76 per ordinary registered share, with a par value of EUR 0.29 each [2]. - The implementation of the tender offer will commence on 25 August 2025 and terminate on 1 October 2025 [2]. - Comprehensive conditions of the tender offer are detailed in the attached circular [2].

Core Viewpoint - Tianmao Industrial Group Co., Ltd. is facing the risk of being delisted due to its inability to disclose the 2024 annual report and the 2025 first-quarter report within the legal timeframe [2][4] Group 1: Reasons for Potential Delisting - The company has been unable to disclose the 2024 annual report and the 2025 first-quarter report, leading to a trading suspension since May 6, 2025 [4] - The stock was resumed trading on July 8, 2025, but was subject to delisting risk warning due to the failure to disclose the required reports [4] - According to Shenzhen Stock Exchange regulations, if the company does not disclose a majority of the board's assurance of the reports within two months of the delisting risk warning, the exchange will decide to terminate the company's stock listing [4][7] Group 2: History of Delisting Risk Announcements - The company has issued multiple delisting risk announcements, with the first one on July 15, 2025, and subsequent announcements on July 22, July 29, August 5, and August 12, 2025 [5][6] - This announcement is the sixth risk warning regarding potential delisting [6] Group 3: Other Information - The company's board has approved a resolution to voluntarily withdraw its A-shares from the Shenzhen Stock Exchange and apply for transfer to the National Equities Exchange and Quotations system after delisting [3][7] - The company received a notice from the China Securities Regulatory Commission on May 6, 2025, regarding an investigation for failing to disclose periodic reports on time [3][7]

Core Viewpoint - *ST Tianmao has issued its fifth risk warning regarding the potential termination of its stock listing due to failure to disclose the 2024 annual report and the 2025 Q1 report within the legal timeframe [1] Group 1: Listing Status - The company has been under delisting risk warning since July 8, as it failed to disclose the required reports [1] - If the company does not disclose more than half of the 2024 annual report guaranteed by its directors within two months of the warning, the Shenzhen Stock Exchange will decide to terminate its listing [1] Group 2: Regulatory Actions - On May 6, the company was investigated by the China Securities Regulatory Commission for failing to disclose periodic reports on time [1] - The board of directors passed a resolution on August 8 to voluntarily withdraw from A-share listing [1] Group 3: Future Steps - The company will suspend trading from August 14 and apply for transfer to the delisting segment [1] - A shareholder protection mechanism will be established following the delisting [1]

New Stock Offerings - Jichuan Pharmaceutical (600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - ST Kelly (300326) has a tender offer period from July 17, 2025, to August 15, 2025[1] - Zhongcheng Tui (300208) has 1 trading day remaining until the last trading day[1] Delisting and Trading Alerts - Delisted Jin Gang (600190) has 1 trading day remaining until the last trading day[1] - Delisted Jin B (900952) has 1 trading day remaining until the last trading day[1] - ST Jinjian (600200) has 1 trading day remaining until the last trading day[1] Market Volatility - Shangwei New Materials (688585) is experiencing severe abnormal fluctuations[1] - Guosheng Technology (603778) is noted for abnormal fluctuations[3] - ST Yanzhen (603389) is also flagged for abnormal fluctuations[3]

Group 1 - The company, Jinzhou Port Co., Ltd., has received a decision from the Shanghai Stock Exchange to terminate its stock listing, effective June 30, 2025, with a 15-day trading period for delisting [1][2] - The company has appointed Shanxi Securities Co., Ltd. as its main sponsor to facilitate the transfer of shares to the National Equities Exchange and Quotations system following the delisting [2] - The appointment of Shanxi Securities was approved during the company's board meeting on June 5, 2025, and the necessary agreements have been signed to ensure compliance with the regulations [2] Group 2 - The main sponsor, Shanxi Securities Co., Ltd., was established on July 28, 1988, and is based in Taiyuan, with a business scope that includes securities services [2] - The company will announce further details regarding the procedures for share confirmation, registration, and custody after the stock is officially delisted [2]