(a) the company's total share capital, equity distribution and other changes no longer meet the listing conditions, and still can not meet the listing conditions within the time limit stipulated by the stock exchange;
(2) The company fails to disclose its financial status as required, or makes false records in its financial and accounting reports, and refuses to make corrections.
(3) The company has suffered losses continuously in the last three years, and failed to return to profit in the following year;
(4) The company is dissolved or declared bankrupt.
(5) Other circumstances stipulated in the listing rules of stock exchanges.
The voluntary delisting of listed companies means that listed companies, based on the consideration of realizing development strategy, maintaining reasonable valuation, stabilizing control rights, and making full use of the comparative advantages and cost-effectiveness of stock exchanges, think that it is no longer necessary to maintain their listed status, or that it is no longer conducive to the company's development, and can actively apply to the stock exchange for termination of listing transactions according to the rules of the stock exchange. The core of voluntary delisting is to fully respect and protect the delisting decision made by market participants based on the autonomy of will of listed companies.
Employees of financial institutions such as securities trading places, securities companies, securities registration and settlement institutions, and securities service institutions, as well as staff of relevant regulatory departments or trade associations, are prohibited from engaging in securities trading activities related to this information in violation of regulations, or using other undisclosed information other than insider information obtained by taking advantage of their positions to engage in related trading activities explicitly or implicitly. It is forbidden for anyone to manipulate the securities market by the following means to influence or intend to influence the price or trading volume of securities trading:
(a) alone or through collusion, focus on capital advantages, shareholding advantages or use information advantages to jointly or continuously buy and sell;
(2) colluding with others to conduct securities transactions with each other at the time, price and manner agreed in advance;
(3) conducting securities transactions between accounts under its actual control;
(four) frequent or large-scale declaration and cancellation of declaration for the purpose of closing a transaction;
(5) Using false or uncertain important information to induce investors to conduct securities trading.
Article 48 of the Securities Law of People's Republic of China (PRC) If the listing of * * * securities is terminated by the stock exchange, the stock exchange shall terminate its listing according to its business rules.
Where a stock exchange decides to terminate the listing and trading of securities, it shall make a timely announcement and report it to the the State Council securities regulatory authority for the record.