*ST Bao Ying: Company's stock may face the risk of being delisted again*

ST Baoying announced that the company's stock will be subject to delisting risk warning starting from April 28, 2025, in addition to other risk warnings. If the circumstances specified in the "Stock Listing Rules" occur after the disclosure of the 2025 annual report, the company's stock will face the risk of being delisted. The company expects the net profit attributable to shareholders for the year 2025 to be between 49 million and 63 million yuan, the non-recurring net profit to be between -43 million and -29 million yuan, the revenue to be between 720 million and 890 million yuan, and the year-end net assets attributable to shareholders to be between 41 million and 55 million yuan. This is the company's second disclosure of relevant risk warning notice.