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On August 8, ST Hanggao issued an announcement regarding receipt of the decision to delist its shares.

The announcement pointed out: On August 7, 2024, the Shenzhen Stock Exchange issued the "Decision on the Termination of Listing of Shares of Shouhang Hi-Tech Energy Technology Co., Ltd." (SZSE [2024] No. 641), and the Shenzhen Stock Exchange decided to terminate the listing of the company's shares.

The announcement shows that from May 30, 2024 to June 27, 2024, the daily closing price of the stock was less than 1 yuan for 20 consecutive trading days, which triggered the termination of the listing of stocks stipulated in Article 9.2.1, Paragraph 1, Item 4 of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised in 2024)". At the same time, according to Article 9.1.15 and Article 9.6.10, Paragraph 2 of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised in 2024)", ST Hanggao's stock was terminated by the Shenzhen Stock Exchange due to the triggering of the transaction-related forced delisting situation. It will not enter the delisting settlement period, and ST Hanggao's stock will be delisted within fifteen trading days after the Shenzhen Stock Exchange makes the termination decision.