Financial Fraud! This Company is About to Delist

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On the evening of September 5, *ST Zitian announced that the Shenzhen Stock Exchange has decided to terminate the listing of the company's stock. The company's stock will resume trading on September 15 and enter the delisting consolidation period, which will last for 15 trading days. After the delisting consolidation period ends, the Shenzhen Stock Exchange will delist the company's stock.

In the "Decision on Termination of Listing," the Shenzhen Stock Exchange stated that *ST Zitian was ordered by the China Securities Regulatory Commission to correct false records in its financial reports but failed to complete the rectification within the required period. Moreover, the company still did not complete the rectification within two months of the stock suspension and two months after being placed under delisting risk warning, triggering the conditions for stock delisting.