ST Panda: Estimated revenue of 2.1-2.6 billion in 2025, stock may be delisted.

*ST Panda announcement stated that due to receiving a non-standard opinion on the financial report for the year 2024, the company's stock will be subject to delisting risk warning and other risk warnings starting from May 6, 2025. In 2025, the company was also investigated by the China Securities Regulatory Commission for suspected violations of disclosure regulations. Preliminary audits by the annual audit accountant show that the issues related to the non-standard opinion in 2025 have not been resolved, and it is expected that a non-standard opinion will be issued for the 2025 annual report. If the 2025 annual report does not meet the conditions for revocation or if the revocation is not applied for in a timely manner, the company's stock will face the risk of delisting. The company expects revenue of 210-260 million RMB and a net profit of 14-21 million RMB in 2025.