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On March 26, 2015, suspected of committing the crime of illegal information disclosure and non-disclosure of important information and the crime of forging and altering financial notes, Zhuhai Boyuan Investment Co., Ltd. (Zhuhai Boyuan) was transferred by the China Securities Regulatory Commission (CSRC) to the investigation of the public security organ. Trading of its shares was thus suspended as of May 28, 2015, and so far it has not been resumed yet.
On March 21, 2016, the Listing Examination Committee of the Shanghai Stock Exchange (SSE) held an examination meeting, which resulted in the opinion of terminating the listing of the shares of Zhuhai Boyuan. According to the opinion, the SSE has decided to terminate the listing of the shares of the company.
In line with the regulations of Articles 14.3.20, 14.3.21 and 14.3.25 in the “SSE Stock Listing Rules”, from the trading day (March 29, 2016) following the end of the five trading days after the SSE announcing this decision, trading of the shares of Zhuhai Boyuan will enter the delisting arrangement period. Within five trading days after the end of the delisting arrangement period, the SSE will delist the shares of the company, and listing of the company’s shares will be terminated. During the delisting arrangement period, Zhuhai Boyuan and the relevant obligors for information disclosure shall abide by the laws, administrative regulations, departmental rules, other normative documents, the “SSE Stock Listing Rules” and other rules of the SSE, and fulfill relevant obligations.
According to the regulations of Articles 14.3.27 and 14.3.28 in the “SSE Stock Listing Rules”, Zhuhai Boyuan shall immediately make relevant preparations for the listing and transfer of its shares on the National Equities Exchange and Quotations (NEEQ), and ensure that its shares can be listed and transferred within 45 trading days from the delisting day.
If Zhuhai Boyuan is against the SSE’s decision of terminating its listing, it can apply to the SSE for re-examination within 5 trading days after the release of this announcement.
