On September 8, Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. announced that the company received the Prior Notice of Termination of Listing issued by Shenzhen Stock Exchange. The Shenzhen Stock Exchange intends to decide to terminate the listing and trading of the company's shares because it fails to disclose the 2025 annual report within the statutory time limit and touches on the normative delisting situation. It was a cross-border lithium mine gamble that crushed
this century-old gold shop. After Chen Siwei, the actual controller, took over in 2022, Cuihua spent 612 million yuan to acquire 51% of his shares in Starry Lithium Industry, and engaged in the dual main business of gold and lithium salt.
Unexpectedly, the price of lithium carbonate plummeted from 600000/ton to 60000/ton, and the performance of lithium enterprises was thunderous, with huge losses for two consecutive years, and the performance commitment compensation could not be paid. Superimposed financial fraud, inconsistent inventory accounts, nearly 1.1 billion overdue loans and frozen accounts. Originally wanted to rely on new energy to turn over, but the lithium mining business brought down the century-old jewelry store.
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