Liyuan: The judicial auction of 7.82% of the shares held by the controlling shareholder has been halted, and the stock price below 1 yuan poses a risk of delisting.

ST Longyuan announcement, the judicial auction of 1.2 billion shares held by the family member of the company's controlling shareholder, Lai Zhenyuan, has been suspended, as Zhejiang Commercial Bank Ningbo Branch has applied to the court for suspension. The company's net profit for 2025 was -25.86 billion yuan, and the net profit for the first quarter of 2026 was -1.29 billion yuan, with debt overdue. The company's stock has been subject to other risk warnings since May 6, 2026. At the same time, there is a risk of delisting due to the stock's continuous closing price being below 1 yuan for 10 consecutive trading days.