*ST Lingnan: Stock price has been below 1 yuan for 16 consecutive trading days, facing delisting risk.

*ST Lingnan announced that as of September 29, 2026, the company's stock closing price had been below 1 yuan for sixteen consecutive trading days, and there is a risk that the stock may be delisted due to its price falling below par value. If the closing price remains below 1 yuan for 20 consecutive trading days, the Shenzhen Stock Exchange will terminate the listing of the company's shares and the "Lingnan Convertible Bonds," and the delisting consolidation period will not be entered. In 2025, the company's revenue was 112 million yuan, down 86.99% year on year; its net loss was 2.336 billion yuan, with the loss increasing 137.29% year on year. In the first half of 2026, revenue was 58 million yuan, down 67.44% year on year; net loss was 284 million yuan, with the loss expanding 121.35% year on year. The "Lingnan Convertible Bonds" can no longer repay principal and interest on schedule, and both the company's issuer credit rating and the credit rating of the "Lingnan Convertible Bonds" have been downgraded to C. The company faces multiple risks, including going-concern and litigation risks.