According to the announcement, according to the relevant provisions of the “Stock Listing Rules of the Shanghai Stock Exchange”, Datang Telecom triggered two conditions for delisting risk warning at the same time: 1. The audited net profit attributable to the shareholders of the listed company for 2016 and 2017 All of them are negative. According to Article 13.2.1 (1) of the “Stock Listing Rules of the Shanghai Stock Exchange”, the audited net profits of the company in the two most recent fiscal years are consecutively negative, and the stocks will be listed on the Shanghai Stock Exchange. Implementation of delisting risk warnings;
2. The net assets attributable to the shareholders of the listed company audited by the company at the end of 2017 are negative. According to Article 13.2.1 (2) of the “Stock Listing Rules of the Shanghai Stock Exchange”, the audited period of the most recent fiscal year The net assets are negative and the company's stock will be used by the Shanghai Stock Exchange to implement delisting risk warnings.
To this end, *ST Datang's board of directors proposed remedial measures to fight for the withdrawal of delisting risk warnings. *ST Datang stated that the company will focus on the industry market under the guidance of the 'Core Cloud 2.0' development strategy and actively implement security features. Industrial layout, optimize product line settings, improve gross profit levels, continue to slim down, promote the integration and reorganization of subsidiary companies, revitalize stock resources, improve asset quality, and strengthen management and operational efficiency based on product line management and control. Take multiple measures to achieve profitability, and fully promote healthy and sustainable development.