As of October 9, ST Lingnan stock had closed below 1 yuan for nineteen consecutive trading days, ending that day at 0.5 yuan, down 0.06 yuan or 10.71 percent. That means even if the stock hits its daily upper limit next Monday, the share price cannot return to the 1 yuan par value. ST Lingnan closed at 0.98 yuan per share on September 7, 2026, and has remained below 1 yuan ever since. Under Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if a company that has issued only A shares on the Shenzhen Stock Exchange sees its closing price stay below 1 yuan for 20 consecutive trading days, the exchange will terminate the listing of its shares. Under Article 9.1.15, shares and convertible corporate bonds of companies delisted for triggering trading-related mandatory delisting do not enter a delisting consolidation period. The company's fundamentals are also grim. For 2025, total profit, net profit, and net profit after deducting non-recurring gains and losses were all negative, and revenue after deductions was below 300 million yuan. Audited equity attributable to the parent company was negative for 2025. The annual auditor issued an adverse opinion on the company's internal controls for two consecutive years, 2024 and 2025, and issued a disclaimer of opinion on the 2025 financial report. The stock has been under delisting risk warning since the market opened on April 30, 2026. In addition, the company's main bank accounts have been frozen, and it has been under other risk warning since April 30, 2025, which has still not been lifted. On September 18, 2026, ST Lingnan and relevant parties received an administrative penalty decision from the Guangdong Securities Regulatory Bureau. For failing to disclose fund occupation as required, fabricating seedling procurement business to conceal fund occupation, and failing to promptly disclose that it was under investigation for suspected crimes, the company was ordered to correct the violations, given a warning, and fined 8 million yuan. Relevant responsible persons were given warnings and fined varying amounts.
Lingnan Landscape Co LtdStock closed below 1 yuan for 19 straight days, triggering mandatory delisting under Shenzhen Stock Exchange Listing Rules.
