Hebei Xiongan New Energy Technology Co., Ltd.
Announcement on the Third Risk Warning Announcement on the Potential Delisting of Company Shares
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Important Reminders:
● On April 29, 2026, the Company disclosed the "Announcement on the Company's Shares Being Subject to Delisting Risk Warning and Continued Other Risk Warnings and Suspension of Trading." The Company's shares were subject to a delisting risk warning from the opening of trading on April 30, 2026. If the Company encounters circumstances stipulated in Article 10.4.18 (VI) of the "Shenzhen Stock Exchange GEM Stock Listing Rules (2026 Revision)," its shares are at risk of being delisted.
● The lower of the net profit before and after deducting non-recurring gains and losses for the last three fiscal years has been negative. Furthermore, the 2025 audit report issued by Tianhua Certified Public Accountants (Special General Partnership) contains a statement regarding the uncertainty of the Company's ability to continue as a going concern. According to Article 9.4 (VI) of the "Shenzhen Stock Exchange GEM Stock Listing Rules (2026 Revision)," if "the lower of the net profit before and after deducting non-recurring gains and losses for the last three fiscal years is negative, and the audit report for the most recent fiscal year indicates that the Company's ability to continue as a going concern is uncertain," the Company's shares will be subject to continued other risk warnings.
● According to Article 10.4.10 of the "Shenzhen Stock Exchange GEM Stock Listing Rules," if a listed company triggers the circumstances stipulated in Article 10.4.1 (VI) and its shares are subject to a delisting risk warning, the Company shall disclose a risk warning announcement on the potential delisting of its shares every month. Within one month after the end of the fiscal year for which its shares are subject to a delisting risk warning, the Company shall disclose a risk warning announcement on the potential delisting of its shares. Furthermore, from the first disclosure of the risk warning announcement in that month until the disclosure of the internal control audit report for that year, a risk warning announcement shall be disclosed every ten trading days. This announcement is the third risk warning announcement. We kindly remind investors to invest rationally and pay attention to risks.
I. Reasons for the Potential Delisting of Company Shares
On April 29, 2026, Hebei Xiongan New Energy Technology Co., Ltd. disclosed the "Announcement on the Company's Shares Being Subject to Delisting Risk Warning and Continued Other Risk Warnings and Suspension of Trading" (Announcement No.: 2026-029). The 2025 financial report's internal control was issued a negative opinion by Tianhua Certified Public Accountants (Special General Partnership), and the 2024 financial report's internal control was issued a negative opinion by Zhongxing Caihua Certified Public Accountants (Special General Partnership). According to Article 10.4.1 (VI) of the "Shenzhen Stock Exchange GEM Stock Listing Rules (2026 Revision)": "If the financial report's internal control is issued a disclaimer of opinion or a negative opinion for two consecutive fiscal years, or if the financial report's internal control audit report is not disclosed as required," the Company's shares will be subject to a delisting risk warning.