The stock prices of Dehao Runda Foshan Lighting and other companies have been cut in half, and they are actively taking measures to stabilize the market.

Recently, China’s stock market has experienced a series of sharp declines. In response to the sharp decline in the stock market, in addition to frequent policy moves by regulators, some listed companies have also launched corresponding measures in the hope of boosting investor confidence.

50 small and medium-sized companies advocate maintaining stability

Dehao Runda: The highest since April is 18.35 yuan, the current share price is 8.45 yuan, a drop of 54%

The share prices of listed companies in LED lighting also fell sharply on July 3, and the share prices of leading companies such as Dehao Runda and Foshan Lighting were cut in half. Deng Fei, the secretary to the board of directors of Dehao Runda, told reporters that this past weekend, the management of Dehao Runda was not idle either and was meeting to discuss measures to deal with capital market fluctuations. On July 4, Dehao Runda also participated in the initiative to stabilize the stock market led by Suning Commerce and among the top 50 domestic small and medium-sized listed companies. "We are also discussing and implementing the measures mentioned in the initiative, and Dehao Runda will announce specific measures one after another," Deng Fei said.

Faced with the recent temporary irrational fluctuations in the stock market, these 50 companies issued proposals to all listed companies and controlling shareholders on the small and medium-sized board: 1. Actively adopt measures such as buybacks, increase in holdings, and temporary reduction of holdings to maintain market stability with practical actions. 2. Improve the transparency of information disclosure, strengthen investor relations management, and strengthen investor confidence. 3. Strengthen the core competitiveness of the enterprise, accelerate the pace of transformation and upgrading, and strive to become a benchmark for excellence and strength. 4. Actively reward investors and bravely serve as a vanguard in fulfilling social responsibilities.