ST Yedao: Uncertainty in multiple audit results may lead to the termination of stock listing.

*ST Yedao announced that the audit work for the 2025 annual report is in progress. If the total profit, net profit, or non-net profit after audit for 2025 is negative and the revenue is less than 300 million yuan, the company's stock may be delisted after the annual report is disclosed. As of January 30, 2026, the sales proportion of Luguixi wine terminals is relatively low. If the deduction of revenue affects the amount, resulting in revenue after deduction less than 300 million yuan, it may also lead to delisting. In addition, if sufficient audit evidence cannot be obtained for sales returns, distributor management internal control execution, and other matters, the auditor may issue a non-unqualified opinion on the 2025 financial report or internal controls, which may also lead to the delisting of the company's stock.