ST New Research: The company's stock will be removed from the delisting risk warning implemented as a result of restructuring starting January 20, 2026.

ST Xinyan Announcement: The company's restructuring plan has been completed. The company's risk warning due to being accepted for restructuring by the court has been eliminated. The company applied to the Shenzhen Stock Exchange on December 30, 2025 to revoke the risk warning implemented due to the court's acceptance of the restructuring. On January 19, 2026, the Shenzhen Stock Exchange approved the company's request to revoke the risk warning implemented due to the restructuring. The company's stocks will no longer have the risk warning starting from January 20, 2026. However, the company will continue to be subject to the delisting risk warning under rule 10.3.1 of the Stock Listing Rules. The company's stock abbreviation remains "ST Xinyan," stock code remains "300159," and the daily price limit remains at 20%.