ST Yan Shang: abnormal stock price fluctuation reminds of the risk of delisting and trading cessation.

ST Yuan Shang announced that the company's stock has had abnormal fluctuations, with the closing price deviating more than 12% over three consecutive trading days from April 7 to April 9, 2026. After conducting a self-inspection, no undisclosed major information was found, and the company's operations are normal. The net profit for the first three quarters of 2023-2025 was negative, with an estimated annual loss of 58-69 million yuan in 2025. Additionally, the company's stock has been issued a delisting risk warning. If certain circumstances arise, it may be delisted. The current price-to-book ratio is higher than the industry average, indicating speculation and the risk of a stock price decline.