ST Yedao: The 2025 annual report audit reveals multiple risks that may lead to the delisting of the stock.

*ST Coconut Island announced that as of April 1, the 2025 annual report audit work is in progress. The proportion of terminal sales of Deer Turtle Wine is low, if the impact on revenue deduction amount results in revenue after deduction of less than 300 million RMB, or if the stock is delisted after the disclosure of the annual report; issues related to sales returns and debt discount processing, if sufficient audit evidence cannot be obtained, the annual audit institution may issue a qualified opinion, leading to the delisting of stocks; if significant defects still exist in distributor management, it may also result in the delisting of stocks after the disclosure of the annual report. The company's annual report disclosure date is April 30.