*ST Suwu: The company inflated its operating income, operating costs, and profits, triggering a situation of major illegal activities that will lead to delisting.

*ST Suwu Announcement: The company has received the "Notice of Administrative Penalty Advance Notification" issued by the China Securities Regulatory Commission, which determined that the company inflated its operating income, operating costs, and profits, and that there were false records in the annual reports for the years 2020-2023, which may lead to the company being forced to delist due to major violations. The company's stock has been subject to delisting risk warning since July 14, 2025. If the company is officially concluded to have violated major laws and faces mandatory delisting according to the formal penalty decision of the China Securities Regulatory Commission, the company's stock will be delisted.