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        Sundiro Holdings Co., Ltd. successfully took off its hat in stock
        0407/2023

        On June 27, 2023, the company announced that the company's application for canceling other risk warnings has been approved by Shenzhen Stock Exchange. The company's stock will be suspended for one day from the opening of the market on June 27, 2023, and other risk warnings will be cancelled and trading will be resumed from the opening of the market on June 28, 2023. The stock abbreviation will be changed from "ST Continent" to "Sundiro A" and the stock code will still be "00571". After the cancellation of other risk warnings, the daily limit of the company's stock trading was changed from "5%" to "10%".

        It is not easy for the company to get back on track. The company's shares have been subject to "delisting risk warning" since April 30, 2019. After Dalian Hesheng Holding Group Co., Ltd. became the major shareholder of the company, the risk of delisting was eliminated that year. With the strong support of the actual controller, Mr. Ellis, and the major shareholders, the company solved the problems of capital occupation and illegal guarantee one after another. With the hard work of the company's management team and all employees, the internal management became more standardized, the company's operation continued to improve, and the risk warning was completely eliminated in three years, so that the company's stock resumed normal trading.

        After successfully taking off the hat, Mr. Han Dongfeng, the chairman of the company, organized all the directors to hold a "company sharing meeting". At the meeting, Mr. Ma Honghan, vice chairman and president of the company, and Mr. Ren Chunyu, secretary of the board of directors, shared the company's efforts in various aspects and the process of taking off the hat in recent years. All directors talked about the company's future development plan and encouraged the company's development.

         

         

        Address:03-06, 40th floor, China Life Financial Center, 88 Yincheng Road, Pudong District, Shanghai
        Tel:021-61050111
        Zip code:200120
        Email:sundiro@sundiro.com

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