Huaxi Energy Industrial Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Special Reminder: On April 29, 2026, the Company disclosed the "Announcement on the Implementation of Delisting Risk Warning and Other Risk Warnings and Suspension of Trading" (Announcement No. 2026-026). The Company received an audit report with a disclaimer of opinion on internal controls for the financial reports of the 2024 and 2025 fiscal years. The audited net assets at the end of the 2025 fiscal year were negative. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," the Company's stock has been subject to delisting risk warning (*ST) since the market opened on April 30, 2026. If the Company encounters circumstances specified in Article 9.3.12 or Article 9.4.18 (6) of the "Shenzhen Stock Exchange Stock Listing Rules," there is a risk of termination of the stock listing.
According to Article 9.4.10 of the "Shenzhen Stock Exchange Stock Listing Rules," during the period when the stock is under delisting risk warning due to the circumstances specified in Article 9.4.1 (6), the Company must disclose a risk warning announcement regarding the possible termination of the stock listing at least once a month. After the end of the accounting year in which the stock is under delisting risk warning, the Company must disclose the risk warning announcement within one month and, after the first disclosure of the risk warning announcement in that month until the internal control audit report for that year is disclosed, must disclose the risk warning announcement every ten trading days.
The following are the circumstances under which the Company may face termination of listing as of the date of this announcement: