ST Huahai: Whether the delisting indicators can be eliminated in the 2025 annual report audit is still uncertain.

ST Huahua announced that on April 23, 2025, the company was subject to a delisting risk warning from the Shanghai Stock Exchange. The original auditing firm, Pengsheng, resigned on January 28, 2026, and on February 25, the company's shareholders' meeting agreed to appoint Zhongruicheng as the auditing firm for the year 2025. According to preliminary estimates by the finance department, the company is expected to have a revenue of 336 million yuan in 2025, after deducting relevant income it will be 330 million yuan, with a net loss attributable to shareholders estimated at 70 million yuan and a non-recurring loss of 75 million yuan. As of the disclosure date of the announcement, the auditing work is still ongoing, and it is not yet possible to confirm whether the company's revenue in 2025, after deducting relevant income, will exceed 300 million yuan and eliminate the risk of financial delisting. The company faces the risk of delisting.