ST Huapeng: Net assets may be negative by the end of 2025, and stocks may be subject to the risk warning of delisting.

ST Huapeng announced that, based on preliminary calculations, the estimated net assets at the end of the 2025 fiscal year are expected to be between -2.08 billion yuan and -1.39 billion yuan, which will trigger a risk warning for the company's stock delisting. If the audited net assets at the end of the period are negative, the company's stock will be suspended from trading starting from the disclosure date of the 2025 annual report, and the Shanghai Stock Exchange will implement a risk warning for delisting within 5 trading days of suspension. The company will announce the suspension one trading day before implementation, resume trading the next day, and implement a risk warning for delisting.