ST Taihe: Company's stock may be delisted, fourth risk warning issued

ST Taihe announced that the company's stock was subject to delisting risk warning on April 29, 2025. If the annual report for 2025 triggers the circumstances stipulated in the "Shanghai Stock Exchange Listing Rules", the company's stock may be delisted. Currently, the company faces risks such as uncertainty in recognizing revenue from engineering project business, deduction of new engineering business operating revenue, adjustment of integrated business revenue, unclear flow of reserve funds, and inability to fulfill performance commitments. The company has issued several warnings about the risk of delisting, and the audit of the 2025 annual report is underway. The final financial data will be based on the officially disclosed and audited report. Investors are reminded to pay attention to the risks.