Joyvio Foods faces delisting risk on negative net assets

Joyvio Agriculture Development (SZSE:300268) has issued its third risk warning, cautioning investors that its stock may face delisting risk. The company anticipates a negative net asset value at the end of 2024, estimated between -780 million to -390 million RMB. This situation triggers provisions within the Shenzhen Stock Exchange's listing rules, potentially leading to a "ST" designation, indicating a heightened risk of delisting. The company will disclose further details in its 2024 annual report, at which time the exchange may impose a delisting risk warning, suspending trading for one day upon announcement. Joyvio Foods advises shareholders to exercise caution and monitor official announcements via regulatory filings.