ST Panda: Abnormal fluctuations in stock trading, revenue for the first three quarters decreased by 25.86%.

The ST Panda announcement states that the company's stock had a cumulative deviation exceeding 12% in the closing price for three consecutive trading days on December 18, 2025, which is considered abnormal volatility. After self-examination and confirmation with the controlling shareholder, it was found that there was no significant undisclosed information. From January to September 2025, the company achieved a revenue of 155,420,600 yuan, a year-on-year decrease of 25.86%; a net profit of 13,560,100 yuan, a year-on-year decrease of 53.25%. Due to non-standard opinions on the 2024 financial report and internal controls, the stock has been delisted and faces other risk warnings. If the conditions for reinstatement are not met by the end of 2025, the company's listing will be terminated. Additionally, 2,600,000 shares owned by shareholder Galaxy Bay International will be subject to judicial auction, with the results still uncertain.