A Chinese A-share company is set to be delisted after failing to meet regulatory compliance standards, marking a significant development in the market.
*ST Cuihua (pending litigation) has announced that it will be terminated from listing after triggering a compliance-based delisting condition. On September 6, the company disclosed that it had failed to publish its 2025 annual report with guarantees from a majority of its directors affirming the report's truthfulness, accuracy, and completeness within the two-month period following the implementation of its delisting risk warning, which expired before September 6.
According to regulations, this breach constitutes a compliance-based delisting scenario, and the Shenzhen Stock Exchange will decide to terminate the company's stock listing. Trading in the company's shares will remain suspended starting from September 7.
The announcement indicates that the Shenzhen Stock Exchange will determine whether to delist the stock within a specified timeframe after the compliance-based termination condition appears. If the delisting decision is confirmed, the company's shares will enter a delisting adjustment period starting from the trading day following the expiry of five trading days after the exchange's public announcement. This adjustment period will last for fifteen trading days. Following the conclusion of this period, the shares will be removed from trading on the next trading day, officially completing the delisting process.
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