ST Smart: Stocks may be delisted. Estimated revenue for 2025 is expected to reach 3.6-4 billion yuan.

*ST Zhuanzhi announcement stated that starting from April 23, 2025, the company's stock will be subject to delisting risk warning. If any of the circumstances specified in Article 9.3.12 of the Shenzhen Stock Exchange Listing Rules occur after the disclosure of the 2025 annual report, the company's stock will face the risk of delisting. The company has issued delisting risk warning announcements multiple times. The performance forecast on January 31, 2026 shows that it is expected that the revenue for 2025 will be between 3.60 - 4.00 billion yuan, and the net operating income will be between 3.60 - 4.00 billion yuan, with the attributable owners' equity of the listed company's shareholders at the end of 2025 estimated to be between 11.60 - 11.90 billion yuan.