002528SZSE
🚨 Material Event

Announcement on Additional Risk Warning for Company Stock Trading

*ST Yingfei Co., Ltd.··5 pages

✨ AI Summary

Shenzhen Infinova Co., Ltd. is subject to an additional risk warning due to financial misstatements in its 2019 and 2020 annual reports. This follows previous warnings related to net asset value and internal control issues. The company is taking steps to rectify these issues, including restating financial reports and initiating pre-restructuring proceedings. The stock trading will continue with a 10% daily price fluctuation limit and will not be suspended.

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Full Translation

AI Translation· gemini_document

Shenzhen Infinova Technology Co., Ltd.

Announcement on Additional Risk Warning for Company Stock Trading

The Company and all members of its Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.

Special Notes:

  1. Shenzhen Infinova Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed its "2025 Annual Report" and "Announcement on the Implementation of Delisting Risk Warning and Continued Implementation of Other Risk Warnings for Company Stock Trading and Stock Suspension" (Announcement No.: 2026-036) on April 29, 2026. The Company's audited net assets at the end of 2025 were -11,272.94 million yuan. According to Article 9.3.1, Paragraph 1, Item 2 of the "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as the "Stock Listing Rules"), the Company's stock trading was subject to a delisting risk warning starting from April 30, 2026. The stock abbreviation changed from "ST Infinova" to "*ST Infinova", and the stock code remains "002528".

If the Company encounters any of the circumstances listed in Article 9.3.12 of the "Stock Listing Rules" in 2026, the Shenzhen Stock Exchange will terminate the Company's stock trading.

  1. In 2023, the Company received an "Internal Control Audit Report" with a disclaimer of opinion from Zhongxinghua Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Zhongxinghua") (Zhongxinghua Internal Control Audit Certificate (2024) No. 010012). According to Article 9.8.1, Paragraph 1, Item 4 of the "Stock Listing Rules", the Company's stock trading was subject to other risk warnings starting from May 6, 2024. In 2024 and 2025, the Company received "Internal Control Audit Reports" with unqualified opinions and emphasis of matter paragraphs from Zhongxinghua (Zhongxinghua Internal Control Audit Certificate (2025) No. 010060 and Zhongxinghua Internal Control Audit Certificate (2026) No. 00000194).

As the lower of net profit before and after deducting non-recurring gains and losses for 2022, 2023, and 2024 was negative, and in 2024 Zhongxinghua issued an audit report with a paragraph on "significant uncertainty related to going concern" (Zhongxinghua Audit Certificate (2025) No. 015194), according to Article 9.8.1, Paragraph 1, Item 7 of the "Stock Listing Rules", the Company's stock trading was additionally subject to other risk warnings.

As the lower of net profit before and after deducting non-recurring gains and losses for 2023, 2024, and 2025 was negative, and in 2025 Zhongxinghua issued an audit report with a paragraph on "significant uncertainty related to going concern" (Zhongxinghua Audit Certificate (2026) No. 00009978), according to Article 9.8.1, Paragraph 1, Item 7 of the "Stock Listing Rules", the Company's stock trading continued to be subject to other risk warnings.

For detailed content, please refer to the relevant announcements disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on April 30, 2024, April 30, 2025, and April 29, 2026.

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