*ST Wandah: There is a risk of delisting of the company's stock due to the stock price and market value.

ST Wanfang announced that on April 9, the closing price of the company's stock was $0.99 per share, the first time it has fallen below $1 per share. If the closing price remains below $1 for twenty consecutive trading days, the company will be delisted by the Shenzhen Stock Exchange. As of April 9, the total market value of the company's stock has been below $500 million for eighteen consecutive trading days. If it stays below $500 million for twenty consecutive trading days, it will also be delisted. In addition, the company is expected to meet the criteria for financial delisting, and is under investigation for suspected violations of disclosure regulations. If it is found to have committed major violations and faces mandatory delisting, the company's stock may be forcibly delisted.