The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Securities Code: 300472
Securities Abbreviation: *ST Xinyuan
Announcement Number: 2026-075
Special Risk Warning:
- The company's net profit, excluding non-recurring gains and losses, has been negative for the last three accounting years, and the audit report for the most recent accounting year indicates 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, the company's stock trading has been subject to other risk warnings.
- The company has experienced impacts on cash flow due to the freezing of its main bank accounts. According to Article 9.4 (2) of the Shenzhen Stock Exchange's GEM Listing Rules, the company's stock trading has been subject to other risk warnings.
- The company has received an "Advance Notice of Administrative Penalty" from the China Securities Regulatory Commission (CSRC). According to Article 9.4 (7) of the Shenzhen Stock Exchange's GEM Listing Rules, the company's stock trading has been subject to other risk warnings.
- In addition to the above circumstances, the company also faces the following delisting risks:
(1) The company has submitted an application to the Shenzhen Stock Exchange to revoke the delisting risk warning for its stock. As of the date of this announcement, the application is in the supplementary material stage, and the final decision will depend on the Shenzhen Stock Exchange's review. This matter remains uncertain, and there is a risk of termination of the company's stock listing.
(2) If the court accepts the reorganization application, the company's stock will be subject to delisting risk warnings.
(3) If the reorganization fails, the company may be declared bankrupt and face termination of its stock listing.