ST Nan's statement: The fifth risk warning that the stock may be delisted.

*ST Nan announced that the audited net assets attributable to the parent company at the end of 2024 were negative 17.53 billion yuan, and the stock will be subject to delisting risk warning starting on April 30, 2025. If one of the 10 situations stipulated in the "Shenzhen Stock Exchange Stock Listing Rules" occurs in 2025, the company's stock will be delisted. In 2025, the company completed a major asset restructuring, with an increase in capital reserve of approximately 37 billion yuan. The owner's equity attributable to the shareholders of the listed company turned from negative to positive. The final financial data is subject to the audited "2025 Annual Report".