*ST Huawu discloses progress in delisting risk warning, controlling shareholder intends to repay 1.567 billion yuan of funds used.

Jilin Huawei Electronics announcement, the company's 2024 financial report was issued with an audit report that could not express an opinion, non-operating funds were still misused, internal controls were denied, and the stock has been subject to delisting risk warnings since May 6, 2025, and continues to face other risk warnings. According to regulatory requirements, if the company does not recover the misused funds of 1.491 billion yuan by August 12, 2025, it will face trading suspension and delisting risks. Currently, the controlling shareholder Shanghai Pengsheng has proposed a rectification plan, intending to offset 110.593 million yuan through dividends and repay 1.556 billion yuan from the proceeds of selling shares, totaling 1.567 billion yuan. The relevant agreements have been signed but they need to meet certain conditions to take effect. The company will press for rectification and, if necessary, take legal actions to protect the interests of the shareholders.