July 10，The National Equities Exchange and Quotations Co., Ltd. (referred to as "Equity Transfer System") decided to forcefully delist Zhoushan Islands New District Alpha Yacht Culture and Tourism Co., Ltd. (referred to as "Alfa")，The reason is that Alpha cannot disclose the 2018 annual report on June 28。

According to disclosure，Alpha was originally scheduled to disclose its 2018 annual report on April 26，However，Guolian Securities Co., Ltd. ("Guolian Securities"), Alpha's sponsoring brokerage, issued a risk warning to investors on April 19，Announced simultaneously，Alfa cannot disclose its annual report on time，The reason is "business difficulties，Unable to hire an audit agency”。

In accordance with the relevant regulations of 188bet sports betting app download the stock transfer system，If the listed company fails to disclose the 2018 annual report before April 30, 2019 (inclusive)，The transfer of its stocks will be suspended on the first transfer day in May。It is reported，Alfa stock transfer suspended on May 6。Today，Alpha representation，The transfer will be resumed after the 2018 annual report is disclosed as required，The latest transfer resumption date is expected to be no later than June 30。If it still cannot be disclosed by June 30，The stock will be forcibly terminated from listing by the stock transfer system。

Even so，Alfa has not yet disclosed its annual report as scheduled。Therefore，The stock exchange system made a decision to force Alpha to terminate listing on July 10。Allegedly，If Alpha has objections to the above decision，Within 5 working days from the date of receipt of the decision or the date of announcement of the stock transfer system (whichever comes first)，Apply for review to the share transfer system；If Alpha fails to apply for review within the specified period or the review application is not accepted，The stock transfer system will terminate the listing of Alpha stocks from July 18。

Alfa was established in 2011，Invest and build a yacht port and tourist resort in 188bet app download Zhangzhou Bay，Relying on the tourism resources around Zhujiajian Island and Putuo Mountain in Zhoushan Islands，Providing water (ocean) tourism and yacht leisure vacation tourism services to tourists。Alfa successfully landed on the New Third Board on June 7, 2017。

Public information display，2014 to 2017，Although Alpha is not very profitable，But they are all profitable。2014 to 2017，Alfa respectively realized net profit attributable to shareholders of the listed company 50.940,000 yuan、205.280,000 yuan、227.270,000 yuan and 295.230,000 yuan。Still achieved 162 in the first half of 2018.Net profit of 950,000 yuan attributable to shareholders of the listed company。

But why Alpha is in business difficulties，Can’t even pay the cost of hiring an audit agency？Today，Relevant person from Guolian Securities told Beijing News reporter，Alfa said that cash flow is not very large when it (is about to) disclose its annual report，No pricing was reached during negotiations with the audit agency，“The price has not been negotiated，Ultimately, the annual report cannot be disclosed”。The person also said，If you need to know more about the business situation，Need to contact Alpha’s Board Secretary。

Reporter learned，188bet sports betting app download The former secretary of the Board of Directors of Alpha resigned in March this year，The duties of Secretary to the Board are temporarily performed by Chairman Li Xia。Li Xia was publicly reprimanded by the stock transfer system for disciplinary action because Alpha failed to disclose its annual report as required，And recorded in the integrity file。After Alpha was forcibly delisted，Li Xia’s contact person for investor inquiries for Alpha。The Beijing News reporter called Li Xia several times this morning according to the contact number in the announcement，No answer。

188bet app Source: Beijing News，Author:Wang QingBin, original title: "Unable to disclose annual report due to operating difficulties，Yacht tourism company Alpha will be forced to delist》.