Zhongli Group nears end of trading risk alert

Jiangsu Zhongli Group (SZSE:002309) announced progress toward the potential removal of its trading risk alert. The company's shares were flagged for delisting risk on April 25, 2024, due to a negative net asset value at the end of 2023. However, Zhongli's restructuring plan is now complete, and the company expects a positive net asset value for the end of 2024. If the 2024 audited report confirms this, the company will apply to the Shenzhen Stock Exchange to remove the risk alert. The company will continue to issue monthly risk warning announcements until the 2024 annual report is released. The company reminds investors to exercise caution.