Xiangyou Technology: It is expected that the net assets will be negative by the end of 2025, and the stock may be subject to the risk warning of delisting.

Xiangyou Technology announced that the company is expected to have a net asset value of -4.09 billion to -2.29 billion by the end of 2025, which may trigger a delisting warning for stock trading. After the release of the 2025 annual report, the company's stock may be subject to a delisting warning. If the year-end net asset value is negative, the stock will be suspended from trading starting from the day of the annual report disclosure, and the Shanghai Stock Exchange will implement a delisting warning within 5 trading days after the suspension. The company will announce one trading day in advance, and the stock will resume trading and implement a delisting warning from the next trading day after the announcement disclosure date. The 2025 annual report is scheduled to be disclosed on April 28th.