ST Wanfang: Abnormal fluctuations in stock price may lead to delisting for various reasons.

ST Wanfang announced that the company's stock price has deviated by 12.89% for three consecutive trading days on March 12-13 and 16, which is considered abnormal fluctuation. The company expects revenue of 200-250 million yuan in 2025, with a net loss of 35-50 million yuan, and both pre and post deductions of revenue are below 300 million yuan; the 2024 financial report received a qualified opinion, and this risk still exists in 2025; on March 16, the total market value was 486 million yuan, falling below 500 million yuan for the first time; the company is also under investigation for suspected violations of disclosure regulations. If any of the above situations are triggered, the company's stock will be delisted.