ST Nan: Prompting the risk of possible delisting of the stock.

ST Nanposted an announcement stating that the company's audited net assets attributable to the parent company for the end of 2024 were -17.53 billion yuan, and as of April 30, 2025, it has been subject to delisting risk warning. If one of the 10 situations specified in the "Shenzhen Stock Exchange Stock Listing Rules" occurs in 2025, the company's stock will be delisted. In 2025, the company transferred real estate-related assets and liabilities to its subsidiary at a price of 1 yuan, with the assessed value of the assets being -29.34 billion yuan, and the transaction has been completed. The performance forecast as of January 31, 2026, shows that after the restructuring in 2025, the capital reserve increased by approximately 37 billion yuan, and the owner's equity has turned positive. The final financial data is subject to the annual report.