Stock Code: 300044
Stock Abbreviation: *ST Saiwei
Announcement No.: 2026-030
Shenzhen Saive Intelligence Co., Ltd.
Announcement on Abnormal Fluctuations in Stock Trading
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Special Risk Warning:
- Uncertainty Regarding the Company's Entry into Restructuring Proceedings
Although the Shenzhen Intermediate People's Court has ruled to initiate pre-restructuring proceedings for the Company, this does not mean the Company has officially entered restructuring. Pre-restructuring is a procedure prior to the court's formal acceptance of restructuring, and the success of the Company's pre-restructuring is uncertain. If pre-restructuring is successful, the court will review the restructuring application according to law, and whether the Company can enter restructuring proceedings remains uncertain. Regardless of whether the Company enters restructuring proceedings, it will actively manage its daily production and operations based on the current foundation. We urge investors to invest prudently and be aware of investment risks.
- The Company is Subject to a Delisting Risk Warning
The Company's net assets were negative for the year 2025 after audit. According to Article 10.3.1, Paragraph 1, Item 2 of the Shenzhen Stock Exchange GEM Stock Listing Rules, after the disclosure of the Company's 2025 annual report, the Shenzhen Stock Exchange has imposed a delisting risk warning on the Company's stock trading (the stock abbreviation is prefixed with "*ST").
- Risk of Termination of Listing for the Company's Stock
If the court formally accepts the applicant's restructuring application and the restructuring is successfully completed, it will help improve the Company's asset-liability structure, enhance its continuous operating capacity, and promote the Company's healthy and sustainable development. However, even if the court formally accepts the restructuring application, there remains a risk of being declared bankrupt and liquidated due to restructuring failure. According to Article 10.4.18, Item (VIII) of the Shenzhen Stock Exchange GEM Stock Listing Rules, if the Company is ruled bankrupt by the court due to restructuring failure, its stock will face the risk of termination of listing. We urge investors to be aware of investment risks.
- Risk of Additional Delisting Risk Warning for the Company's Stock After Acceptance of Restructuring
According to Article 10.4.1, Item (IX) of the Shenzhen Stock Exchange GEM Stock Listing Rules, "if the court legally accepts the company's application for restructuring, reconciliation, and bankruptcy liquidation," if the court rules to accept the restructuring application filed by the applicant, the Company's stock will be subject to an additional delisting risk warning.
- Risk of Performance of Investment Agreement
Regarding the pre-restructuring investment agreement, there may be risks that the restructuring investor fails to fulfill its investment obligations as agreed in the agreement due to reasons such as failure to raise sufficient funds. Although the "Pre-Restructuring Investment Agreement" has been signed, there may still be risks of the agreement being terminated, rescinded, revoked, deemed ineffective, invalid, or impossible to perform.