Under the existing market environment, when facing with delisting decision, no matter the listing company, executives, investors or regulators will burden great loss and high costs.

• 在目前中国股票市场的既有环境下,无论是上市公司、经营者,还是投资者和市场监管者,面临退市时,都要承受巨大的损失和过高的退市成本。