ST Nachuan: Warning that the company's stock may face the risk of being delisted.

ST Nachuan announced that the company's total profit, net profit, and other figures for 2025 are in the negative, with revenue after deductions falling below 100 million yuan. The end-of-period net assets stand at -148 million yuan, and the internal control audit report for the 2024-2025 period is a negative opinion. As of April 29, 2026, a delisting risk warning will be implemented. If the audited total profit and other figures for the 2026 annual report are negative and the revenue after deductions is below 100 million yuan, the company's stock will be terminated from listing. As of the announcement date, the delisting risk warning and other risk warnings have not been eliminated.