Holitech Technology faces delisting risk amid financial concerns

Holitech Technology has issued its sixth delisting risk warning, following the initial alert on April 30, 2024. The company's shares are already under delisting risk alert due to its negative net asset value at the end of 2023. The 2023 audit also indicated uncertainties regarding Holitech's ability to continue as a going concern. Based on SZSE regulations, if the upcoming 2024 audit reveals a negative net profit (or negative profit after extraordinary items) and revenue below CNY 300 million, or a negative net asset value, the company's shares will be subject to delisting. Holitech is also under investigation by securities regulators for potential information disclosure violations. The company's 2024 financial results are still under audit and have not been finalized. Holitech reminds investors to exercise caution.