Guangdong Cultural Great Wall Group Co., Ltd. (SZ300089) (hereinafter referred to as the Great Wall of Culture), which bears the title of "Blockchain Concept Stock", released the "Risk Warning Announcement Regarding the Possible Suspension of Listing of the Company's Stocks" on May 20. , This is the third time since May that Great Wall of Culture has issued an announcement that the company may be suspended from listing.

According to Chainlink Finance statistics, since January 2020, the Great Wall of Culture has issued a total of 18 announcements about the company's possible suspension of listing.

The reason why Great Wall Culture may be suspended from listing is that the 2018 annual financial report was issued with a "disclaimer of opinion" audit report. If the 2019 annual financial report of Cultural Great Wall continues to be issued with a "negative or disclaimer of opinion" audit report, it will touch the Item (5) of Article 13.1.1 of the "Shenzhen Stock Exchange GEM Stock Listing Rules" "The financial and accounting reports of the most recent two fiscal years have been issued by certified public accountants with negative or disclaimer audit reports, Shenzhen Stock Exchange may Decided to suspend the listing of its stock”, the Shenzhen Stock Exchange may suspend the listing of Great Wall’s stock.

The Great Wall of Culture was once defined as a blockchain concept stock by the outside world due to external factors in the names or descriptions of 6 software copyrights, and it had a daily limit for three consecutive trading days from October 24 to October 28, 2019. Therefore, the GEM Management Department of the Shenzhen Stock Exchange once issued a "Letter of Concern" to it, asking it to explain the relationship between the company's business and blockchain technology.

It is reported that the names or descriptions of 6 software copyrights of the Great Wall of Culture involve blockchain, 2 of which are developed by Henan Zhiyou Zhenlong Education Technology Co., Ltd. and its subsidiaries, and 4 are developed by Beijing Jade Education Technology Group Co., Ltd. (hereinafter referred to as "Emerald Education") and its subsidiaries.

The Great Wall of Culture mentioned in the Shenzhen Stock Exchange's "Concern Letter" reply that the above two software developed by Zhiyou Zhenlong and its subsidiaries involve blockchain technology, and are currently being deployed and debugged. Since the Great Wall of Culture has lost control of Emerald Education and its subsidiaries, it is impossible to determine the sales orders, realized business income and profits, and the impact on the company's operating performance related to the four software copyrights owned by Emerald Education.

As of May 21, the opening price of the Great Wall of Culture was 2.91 yuan, the highest price was 3.04 yuan, and it has now fallen to 2.87 yuan, a daily drop of more than 2%.