ST Guo Hua: Uncertainty in the 2025 annual report audit may trigger delisting standards.

The notice from ST Carrefour states that the company will be subject to delisting risk warning from April 29, 2025. If certain conditions are met in the 2025 annual report, the stock may be delisted. As of the disclosure date of the notice, after further audit procedures by Rui Xin Accounting firm, they still cannot confirm whether some of the company's revenue meets the recognition criteria or should be deducted, and cannot determine the impact on revenue, costs, inventory, etc. These matters may result in the company's audited revenue for 2025 being less than 300 million yuan with negative profit, or Rui Xin issuing a qualified opinion on the financial statements and internal controls, either of which will trigger financial delisting standards. The final 2025 financial data and audit opinions will be based on the official annual report.