State New Culture: Net profit for fiscal year 2024 will result in a loss, and the stock will be subject to delisting risk warning.

New Culture Announcement: The company's audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2024 are all negative, and the operating income is less than 300 million yuan. According to Article 9.3.2 of the Shanghai Stock Exchange Stock Listing Rules, the company's stock will be subject to delisting risk warning. The company's stock will be suspended for 1 day on April 28, 2025, and will resume trading with the implementation of delisting risk warning starting from April 29, 2025. After the implementation of the delisting risk warning, the company's stock will be traded on the risk warning board, with a daily trading limit of 5% for the stock price.