ST Huahai: The sixth risk warning that the company's stock may be delisted.

*ST Haihua announced that if the company violates financial delisting conditions in 2024, the stock will be subject to delisting risk warning starting from April 23, 2025. If the 2025 annual report triggers the specified conditions, the stock may be delisted. The company's original audit firm, Pengsheng, has resigned without providing an explanation on whether the delisting situation has been eliminated. The company's preliminary financial calculation shows that in 2025, the estimated net profit attributable to shareholders will be around -70 million yuan, after deducting non-recurring items it will be around -75 million yuan, revenue will be about 336 million yuan, and after deducting non-related income it will be about 330 million yuan. However, the annual audit accountant is not able to confirm whether the related revenue is less than 300 million yuan yet. The unaudited revenue of the subsidiary, Hunan Qingye, in 2025 was 30.7684 million yuan. If it does not meet the recognition criteria or is deducted, the company's revenue will be less than 300 million yuan, triggering delisting conditions.