*ST Cuihua's share price hit limit-down again on August 28, marking its seventh limit-down in the past eight trading sessions, closing at 0.85 yuan per share with a total market value of 218 million yuan. The company has now closed with a total market value below 500 million yuan for 16 consecutive trading days. If it remains below 500 million yuan for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate its listing. Based on the current share price, even if the stock hits limit-up for the next four trading days, its market value cannot return to 500 million yuan, so delisting has been locked in ahead of schedule. In addition, the company's share price fell below 1 yuan for the first time on August 27. If it stays below 1 yuan for 20 consecutive trading days, it will also trigger mandatory trading-related delisting. The company also faces regulatory delisting risks because it failed to disclose its 2025 annual report within the statutory period and is expected to be unable to disclose it before September 6, with trading expected to be suspended from September 7. Meanwhile, some of the company's annual financial information is suspected of false records and may trigger mandatory delisting for major violations, while the China Securities Regulatory Commission investigation is still ongoing.
Shenyang Cuihua Gold and Silver Jewelry Co LtdDelisting locked in due to market value and regulatory failures, with CSRC investigation ongoing.
