On May 20, *ST Salt Lake announced that it would be suspended from listing from May 22. According to the announcement of Shenzhen Stock Exchange, *ST Salt Lake posted three consecutive fiscal years of negative audited net profits in 2017, 2018 and 2019, and the listing was suspended according to relevant regulations.

In the first quarter of 2020, Qinghai State-owned Assets Investment Management Company finally took over *ST Salt Lake's non-performing assets. Its chemical branch companies, Salt Lake Magnesium and Haina Chemical were no longer included in the scope of the *ST Salt Lake consolidated statement. The company has turned losses into profits and realized attributable net profit of RMB778 million. However, as of the end of the first quarter, the company's net assets were negative RMB9.544 billion.