Zitian Media faces continued suspension, potential delisting risk

Jiangsu Zitian Media technology (SZSE:300280) has announced it will continue to suspend trading of its shares from May 6, 2025, due to its failure to appoint an auditor and consequently, its inability to disclose its 2024 annual report and Q1 2025 report within the statutory period. According to Shenzhen Stock Exchange (SZSE) regulations, the company's shares were initially suspended on March 17, 2025, due to an unresolved compliance issue. A continued failure to disclose the annual report within two months could trigger a delisting risk warning, and a failure to publish an accurate and complete annual report with board approval two months after that could lead to the SZSE terminating the company’s listing. The company states it is actively seeking an auditor to complete the necessary work and resume disclosures.