Zhongli Group nears risk warning removal after restructuring

Jiangsu Zhongli Group (SZSE:002309) announced that its restructuring plan is complete, and the company anticipates a positive net asset value at the end of fiscal year 2024. Trading of the company's shares were previously subject to a delisting risk warning after its FY2023 consolidated net assets were negative. Should the FY2024 audited financial statements confirm a positive net asset value, the company will apply to the Shenzhen Stock Exchange for the removal of the risk warning. The company's FY2024 annual report and audit are still in progress. Zhongli Group reminds investors to be aware of investment risks until the annual report is released.