ST Ruimao: Stock trading abnormal fluctuations, first quarter revenue decreased by 90.69% year-on-year.

ST Ruimao announced that the company's stock has experienced abnormal fluctuations, with a cumulative deviation of more than 12% in the closing prices for three consecutive trading days on May 21, May 22, and May 25, 2026. Sales volumes in various business categories have declined due to issues such as debt defaults and lawsuits, leading to a 90.69% year-on-year decrease in revenue and negative net profit for the first quarter of 2026. As of the disclosure date of the announcement, there is no major undisclosed information regarding the company or its controlling shareholders. Additionally, due to audit reports triggering specified circumstances, the company has been subject to delisting risk warnings since April 30 and other risk warnings have been added. The controlling shareholder's shares are 100% judicially marked/frozen, posing a risk to the stability of control rights.