ST Asia Pacific: Company's stock may face delisting due to poor performance.

ST Asia Pacific announced that the audited net assets at the end of 2024 were negative, and the company's stock has been subject to delisting risk warning as of April 30, 2025. If relevant situations as stipulated in Article 9.3.12 of the Shenzhen Stock Exchange Stock Listing Rules occur in 2025, the company's stock will face the risk of delisting. In 2025, the company received a cash donation of 73 million yuan from a restructuring investor, obtained a debt waiver of 75 million yuan from the original controlling shareholder, and completed the restructuring plan on December 31. The company expects the net assets in 2025 to turn positive, but the final financial data will be based on the audited annual report. This is the first risk warning announcement, and disclosures will be made every ten days before the annual report is released.