Gelonghui, January 16丨*ST Zuojiang (300799.SZ) announced abnormal stock trading fluctuations and risk warning announcements. The company is concerned that there have been many recent media reports on the development of the company's business, such as “*ST Zuojiang's 51 million yuan network card sales have been slow to confirm revenue”, “The most expensive “hooded stock” *ST Zuojiang's stock price has plummeted by 90%. Will it be delisted?” and “The Beginning and End of “Seeing the Light” of the Most Expensive ST Stock: Who's Hype?” Other reports have paid close attention to the company's business development, delisting risk, and transaction risk. On January 16, 2024, the company disclosed the “Notice of Beijing Zuojiang Technology Co., Ltd. on the Proposed Change of Accounting Firms”. Due to the human resources allocation and work arrangements of the original auditing agency Daxin Certified Public Accountants (Special General Partnership), it is expected that it will not be able to complete the 2023 audit work within the time specified by the company, and proposed to the company to resign from the 2023 annual report audit work. The company plans to appoint Asia Pacific (Group) Accounting Firm (Special General Partnership) as the company's 2023 auditor. After approval by the shareholders' meeting, it will cooperate with the accountant to carry out the audit work as soon as possible.
The company's stock rose and fell for two consecutive trading days on January 15 and January 16, 2024, and the cumulative increase in the closing price deviated from 44.72%. The company's stock price is seriously at odds with fundamentals. At the same time, according to the shareholder register issued regularly by the Shenzhen branch of China Securities Registration and Settlement Co., Ltd., individual investors account for a relatively large share. Investors are kindly requested to pay attention to investment risks, invest prudently, and never follow the trend and hype.