ST Jinke: Issues third risk warning that stock may face delisting.

ST Kinetics announced that due to the negative net assets at the end of the audited period in 2024, the company's stock is subject to delisting risk warning. If any of the circumstances stipulated in the "Stock Listing Rules" are disclosed in the 2025 annual report, the company's stock will face the risk of being delisted. The company has already disclosed two delisting risk warning announcements, and this is the third time. The company expects a net profit of 30-35 billion RMB, a non-recurring net loss of 29-35 billion RMB, revenue of 6-7.5 billion RMB, and year-end net assets of 5-7 billion RMB for 2025. The audit of the 2025 annual report is currently in progress.