ST Mubang: Stocks may be delisted, facing multiple delisting risks to be resolved.

ST Mubang announced that the company's stock will be subject to delisting risk warning and other risk warnings starting from May 6, 2025. If the audited annual report for 2025 shows that after deducting related revenue, the revenue is less than 300 million yuan, and the total profit is negative, or if the financial statements and internal controls receive qualified opinions, the stock will be delisted. The company's annual auditor cannot confirm that the revenue exceeds 300 million yuan, and the internal controls may receive qualified opinions in 2025. Additionally, the company also faces delisting risks such as reorganization failure and administrative penalties, and there is uncertainty regarding whether the reorganization will be accepted.