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Reasons for the suspension of generalist education
General education company is suspected of violating information disclosure regulations. General education is an online education enterprise in China, which mainly provides one-to-one online education services. Due to the company's alleged violation of information disclosure regulations, the listing of the company's shares was suspended by the Shanghai Stock Exchange on 202115. Specifically, due to the failure to disclose the progress of an important asset restructuring transaction in time, generalist education was asked by the Shanghai Stock Exchange to explain the situation and make supplementary disclosure. However, the company failed to make supplementary disclosure within the prescribed time limit, which affected investors' right to know and legitimate rights and interests. Therefore, the Shanghai Stock Exchange decided to suspend the listing of all-round education shares, requiring the company to rectify this and re-apply for listing after the rectification is completed.