GEM can appeal against delisting.

What you want to ask is whether GEM can appeal for delisting? You can't. According to the inquiry of the CSRC, after the GEM is delisted, those who meet the relevant conditions can apply for re-listing, but they cannot appeal and not delist. Growth enterprise market, also known as the second board market, is a kind of securities market different from the main board market, which provides financing channels and growth space for entrepreneurial enterprises that cannot be listed on the main board market for the time being.