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What does it mean that the New Third Board has been delisted?

NEEQ delisting refers to the operation of companies listed on the NEEQ that stop trading due to some reasons and are removed from the NEEQ operating system.

In the past, when NEEQ companies applied for delisting, they mostly announced relatively general reasons such as "company development strategy needs", but today's NEEQ companies' reasons for applying for delisting have become more and more straightforward.

Many NEEQ companies bluntly stated in their delisting announcements that the purpose of delisting was to reduce operating costs and save expenses.

The Old Third Board is the "Agency Share Transfer System" established on July 16, 2001; the New Third Board is the "Agency Transfer System for Unlisted Joint Stock Companies in Zhongguancun Science and Technology Park" based on the Old Third Board.

The New Third Board, the National Equities Exchange and Quotations, is a national securities trading venue established with the approval of the State Council, referred to as the National Equities Exchange and Quotations.

Companies listed on the Third Board can be roughly divided into two categories: companies listed on the original STAQ and NET systems and delisted companies, namely the Old Third Board.

The New Third Board is mainly aimed at joint-stock companies that are in the early stages of establishment, have certain products, have certain models, and are in the early stages of development.