ST: Stocks may be delisted due to various reasons

*ST Wanfang announced that the company's stock will be at risk of delisting starting from April 30, 2025. As of March 16, 2026, the total market value has been below 500 million yuan for four consecutive trading days, and if this continues for twenty consecutive trading days, the listing will be terminated. The revenue for 2025 is expected to be between 2-2.5 billion yuan, with deductions of 1.5-2 billion yuan, and a net loss of 0.35-0.5 billion yuan. The audit report for 2025 may still be issued with a qualified opinion, which may trigger financial delisting circumstances. In addition, the company is under investigation for suspected violations of disclosure laws and regulations, and if it involves major violations that require mandatory delisting, the stock may also be delisted.