ST Wanfang: Abnormal fluctuations in stock price or triggering financial and major illegal situations leading to delisting.

ST Wanfang announced that from March 9 to 11, 2026, the closing price of the company's stock for three consecutive trading days deviated by a cumulative 14.19%, which is considered abnormal fluctuation. The company expects its revenue for 2025 to be between 2 to 2.5 billion yuan, with net revenue after deducting expenses estimated to be between 1.5 to 2 billion yuan. The company is projected to incur a net loss between 350 to 500 million yuan, which may lead to a situation where the company's financial situation could lead to delisting. The company's financial report for the year 2024 received a qualified opinion, and there is still a risk of receiving a qualified opinion for the year 2025. In addition, the company is under investigation for suspected violation of disclosure rules. If the investigation leads to a situation of mandatory delisting due to major violations, the stock may be forcibly delisted.