ST SanSheng: Disclosure of progress in the preparation and audit of the 2025 annual report to address the risk of delisting.

ST Sansheng announced that the company's audited year-end net assets for the year 2024 were negative, and the stock has been subject to "delisting risk warning" since April 26, 2025. The company began judicial reorganization in 2025 and the plan has been completed. It is estimated that the net assets at the end of 2025 will be between 120 million yuan and 200 million yuan in January 2026. As of the date of the announcement, the annual report audit has been basically completed, and the elimination of the impacts of relevant matters will be subject to the final audit report. If the audited financial data for 2025 triggers the regulations, the stock will face the risk of delisting. The annual report is scheduled to be disclosed by March 31st.