Important Notice:
- On April 29, 2026, the company disclosed an announcement regarding the implementation of delisting risk warnings for its stock, effective from April 30, 2026. If the company encounters circumstances as specified in Article 10.4.18(6) of the Shenzhen Stock Exchange's GEM Listing Rules (2026 Revision), there is a risk of termination of its stock listing.
- The company's net profits, excluding non-recurring gains and losses, have been negative for the last three fiscal years, and the audit report for 2025 from Lianda Certified Public Accountants (Special General Partnership) indicates significant uncertainty regarding the company's ability to continue as a going concern. According to Article 9.4(6) of the Shenzhen Stock Exchange's GEM Listing Rules (2026 Revision), the company's stock trading will continue to be subject to other risk warnings.
- According to Article 10.4.10 of the Shenzhen Stock Exchange's GEM Listing Rules, during the delisting risk warning period, the company must disclose a risk warning announcement regarding the potential termination of its stock listing monthly. This announcement is the company's second risk warning announcement, urging investors to invest rationally and be aware of risks.
1. Reasons for Possible Termination of Stock Listing
Xiong'an New Power Technology Co., Ltd. disclosed on April 29, 2026, that its internal controls for the 2025 financial report received a negative opinion from Lianda Certified Public Accountants (Special General Partnership), and the internal controls for the 2024 financial report received a negative opinion from Zhongxing Caiguanghua Certified Public Accountants (Special General Partnership). According to Article 10.4.1(6) of the Shenzhen Stock Exchange's GEM Listing Rules (2026 Revision), if a company receives audit reports with adverse opinions on internal controls for two consecutive fiscal years, its stock trading will be subject to delisting risk warnings. If the company encounters the aforementioned circumstances in the 2026 fiscal year, the Shenzhen Stock Exchange will terminate the company's stock listing.
2. Key Risk Items
(1) Basic Situation of Delisting Risk Warning
Xiong'an New Power Technology Co., Ltd. received a negative opinion on its internal controls for the 2025 financial report from Lianda Certified Public Accountants (Special General Partnership), and a negative opinion for the 2024 financial report from Zhongxing Caiguanghua Certified Public Accountants (Special General Partnership).