Jiangsu Zhongli expected to exit delisting risk

Jiangsu Zhongli Group Co., Ltd. (SZSE:002309) announced an update on its delisting risk warning, initially triggered by a negative net asset value in its 2023 audited financial statements, resulting in the company's shares being subject to a delisting risk alert as of April 25, 2024. The company's restructuring plan was completed at the end of 2024, and it anticipates its year-end net assets will be positive, as per previous announcements. The company plans to promptly apply to the Shenzhen Stock Exchange for the removal of the delisting risk warning if the 2024 annual report, once audited, confirms a positive net asset value. Jiangsu Zhongli will continue to issue risk warning announcements as required until the 2024 annual report is disclosed, advising investors to exercise caution.