ST Panda: The fourth risk warning of possible delisting of stocks being halted

ST Panda announced that from May 6, 2025, the company's stock will be subject to delisting risk warnings and other risk warnings. If the 2025 annual report does not meet the revocation conditions or if revocation is not applied for on time, the stock will face the risk of delisting. As of the disclosure date of the announcement, there has been no progress on the matters involved in the non-standard opinions, and it is uncertain whether they can be resolved in the future. In December 2025, the company was investigated for suspected violations of information disclosure. It is expected that the net profit in 2025 will be 14-21 million yuan, and the revenue will be 210 million to 260 million yuan. This is the fourth risk warning issued this time.