ST Owei locks in market value delisting or the first stock to delist by market value in 2026.

ST Aowei issued the fourth risk warning announcement regarding the possible delisting of the company's stock due to market value. The announcement stated that as of January 19, 2026, the closing total market value of the company's stock has been below 500 million yuan for 12 consecutive trading days. According to the provision of Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules, if the closing total market value of the company's stock remains below 500 million yuan for 20 consecutive trading days, the company's stock will be delisted from the Shenzhen Stock Exchange. On January 19, ST Aowei hit the limit down again, closing at 0.89 yuan per share, with a total market value of 3.09 billion yuan, which has been below 500 million yuan for 12 consecutive trading days. Based on this calculation, even if the stock hits the daily limit up for the next 8 trading days, it will still be difficult for the total market value to recover to 500 million yuan, leading to an early delisting.