ST and Kehua: There is still a risk of delisting in the preparation and audit of the 2025 annual report.

ST and Ke announced that the company's annual report for the year 2025 is being compiled and audited in an orderly manner, and China Audit Asia Pacific is conducting audits as planned. The company has not yet identified any issues that could result in a qualified opinion being issued on the financial statements, and there are no significant disagreements with China Audit Asia Pacific at present. The scheduled disclosure date for the 2025 annual report is April 21, 2026. If any of the specified circumstances arise in the 2025 fiscal year, the company's stock will face the risk of being delisted.