Net Profit Is Negative, Busen Shares Have Been Implemented "Delisting Risk Warning" Special Treatment.

On the evening of April 28th, Busen issued a notice that the net profit of the two consecutive accounting years in 2017 and 2018 was negative, and the Shenzhen stock exchange would carry out special handling of the "delisting risk warning" for the company's stock pactions.

Busen shares will be suspended for one day in April 29th, and after the resumption of trading in April 30th, special treatment will be implemented for "delisting risk warning".

In this regard, Busen shares board of directors will also take certain measures to fight the delisting risk warning.

Busen shares said that in 2019, the main measures include three aspects: first, in terms of management, the company further optimized the sales mode of joining and direct sales. On the one hand, it intensified efforts to expand direct operation mode, achieved vertical management and meticulous marketing, and promoted the popularity of Busen men's clothing brand; on the other hand, it adopted various measures to encourage and support good performance franchisees to achieve survival of the fittest; at the same time, actively developing new retail businesses, and striving to improve company's sales performance.

Followed by management, Busen shares will strengthen the control of internal expenses and production costs, and reduce the cost of inefficient operation costs.

Finally, in regard to litigation, in view of the three external guarantee litigation matters Busen shares are facing, Busen shares will take the initiative to take various measures to take the initiative to advocate the company's rights, protect the legitimate rights and interests of the company from infringement, and maximize the possibility of protecting the legitimate rights and interests of the listed companies and reduce the losses that the company may suffer.