ST Yaidao: The company's stock may be delisted after the disclosure of the 2025 annual report.

*ST Yedao Announcement: As of the date of this announcement, the company's audit work for the 2025 annual report is in progress. The previous audit agency conducted on-site visits to verify the terminal sales of the company's Luguigui wine, and as of January 30, 2026, the proportion of terminal sales of this product is relatively low. If subsequent verification shows that the terminal sales situation affects the amount deducted from the company's operating income, resulting in operating income after deduction falling below 300 million yuan, it may lead to the company's stock being delisted after the disclosure of the 2025 annual report.*