Treasure Technology: Stock trading may be subject to delisting risk warnings and other risk warnings.

Baoxin Technology announced that the company is expected to have a net loss of -220 million yuan to -210 million yuan in 2025, a non-GAAP net loss of -230 million yuan to -220 million yuan, and revenue excluding deductions of 2.2 billion yuan to 2.3 billion yuan, which is lower than 3 billion yuan. It is expected that the company's net assets attributable to shareholders at the end of 2025 will be -39 million yuan to -38 million yuan. Due to triggering financial delisting indicators, the company's stock may be subject to delisting risk warning after the disclosure of the 2025 annual report. In addition, if the lower of the non-GAAP net profit for the most recent three fiscal years is negative, and the audit firm issues an audit report with a emphasis of a going concern paragraph emphasizing the existence of significant uncertainties, the company's stock will be subject to additional risk warnings. The annual report audit work is still in progress, and the final data is subject to the audited annual report. Investors are advised to pay attention to investment risks.