ST Mubang: There is a significant risk of the stock being delisted.

ST Mu Bang announced that the company's stock will be delisted and subject to other risk warnings from May 6, 2025. If the audited revenue after deducting related income in 2025 is less than 300 million yuan and the total profit, net profit before and after deduction, whichever is lower, is negative, or if the 2025 annual financial report or internal controls are issued with a non-unqualified audit report, the company's stock will be delisted. The company expects the net profit after deduction in 2025 to be between -7.3 billion yuan and -5.2 billion yuan, and the revenue after deduction to be between 3.2 billion yuan and 3.8 billion yuan, but the annual auditors cannot confirm revenue exceeding 3 billion yuan. In addition, the company also faces risks such as restructuring failure and being subject to overlapping delisting risk warnings.