Rendong Holdings: Stock may be delisted due to negative net assets in 2024.

Rendong Holdings announced that the company's stock will be subject to delisting risk warning starting from April 29, 2025 due to the negative net assets as of the end of 2024 after audit. If certain circumstances arise in the audited annual report of 2025, there is a risk of the stock being delisted. The company expects the net assets to be between 400 million to 600 million RMB by the end of 2025, but this data is unaudited. In addition, the subsidiary Heli Bao Payment's license renewal is currently under suspended review, with operations proceeding as usual. The renewal progress is affected by various factors, posing unexpected risks.