*ST Cuihua announced on the evening of September 8 that the company had received a Prior Notice of Termination of Listing from the Shenzhen Stock Exchange. Because it failed to disclose its 2025 annual report within the statutory period, and subsequently still failed to disclose an annual report guaranteed by a majority of directors as true, accurate, and complete, it triggered the circumstances for termination of listing, and the Shenzhen Stock Exchange intends to decide to terminate the listing and trading of its shares. If the final decision is to terminate listing, the company's shares will be transferred to the delisting board for listing and transfer. In addition, the company is also unable to complete the disclosure of its 2026 semi-annual report on schedule, and its shares have been suspended from trading since September 1. It is worth noting that *ST Cuihua also faces market-value delisting risk. As of August 31, the company's total closing market value had been below 500 million yuan for eighteen consecutive trading days, and delisting had long been locked in. Cuihua Jewelry dates back to 1895 and is one of the first time-honored brands certified by the Ministry of Commerce. In 2022, it acquired a 51% stake in Sitirui Lithium for 612 million yuan to cross into the lithium salt sector, which led to tight liquidity. As of the close on August 31, *ST Cuihua's share price was 0.77 yuan per share, with a total market value of 197 million yuan.
Shenyang Cuihua Gold and Silver Jewelry Co LtdShenzhen Stock Exchange intends to terminate its listing for failing to disclose annual reports, with delisting locked in.
