ST Jin Gang: The company's stock may be delisted.

ST Jingang announcement, the company's stock has been trading below 1 RMB for ten consecutive trading days since the closing price on May 19, 2025, with the A-share closing price at 0.92 RMB per share and the B-share closing price at 0.047 US dollars per share. According to the "Shanghai Stock Exchange Stock Listing Rules," if both A and B shares trade below 1 RMB for twenty consecutive trading days, the company's stock may be delisted. Additionally, due to the negative net assets at the end of the 2024 fiscal year and an audit report on the 2024 financial statements that could not express an opinion, the company has been subject to delisting risk warning. The company also faces significant legal risks that may lead to forced delisting, as the annual reports from 2022 to 2024 contain false information, triggering significant legal risk for forced delisting. The company's stock has been subject to significant legal risk warning leading to delisting since May 6, 2025.