ST Chuangxing: Expected to Reach Financial Termination of Listing Situation

ST Chuangxing announcement stated that on April 22, the company received a notification from the audit firm Zhidanyuan Certified Public Accountants that, as the engineering projects undertaken by the company in 2025 are mainly subcontracted and some accounts receivable are overdue with a low collection ratio, and the commercial rationality of some projects is difficult to confirm, the audit firm is unable to obtain sufficient and appropriate audit evidence. It is proposed to issue a qualified opinion or an inability to express an opinion on the company's financial report for 2025. According to Article 9.3.7 of the Shanghai Stock Exchange Stock Listing Rules, the company's stock will be delisted. The Board of Directors declares that there is no other significant information that should be disclosed but has not yet been disclosed besides what has already been disclosed. The company reminds investors to be aware of the risks of secondary market trading, make rational decisions, and invest prudently.