ST Cube: Declining performance may lead to company stocks being forced to delist due to significant violations.

ST Cube announced that the company is under investigation for suspected illegal disclosure of information in its regular reports. On November 28, 2025, they received a "Notice of Administrative Penalty and Market Access Prohibition" letter. The annual reports for 2021-2023 contain false information, with 5.92 billion yuan of revenue falsely inflated in 2021 and 2022, accounting for 50.91%, which may lead to the possibility of being forced to delist for major violations. The internal control audit in the 2024 financial report received a negative opinion, and the stock has been subject to other risk warnings. From January to September 2025, the revenue was 2.03 billion yuan, a decrease of 0.44% year-on-year; the net profit was -62.209 million yuan, a decrease of 20.59% year-on-year, and it is expected to incur a full-year net loss of 180-210 million yuan in 2025. The company will cooperate with the investigation and reminds investors to be aware of the risks.