Company Code: 300472
Company Abbreviation: *ST Xinyuan
Announcement No.: 2026-080
Wanxiang Xinyuan Technology Co., Ltd.
Announcement on the Progress of the Company's Pre-Restructuring Matters
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Risk Warning:
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The lower of the net profit before and after deducting non-recurring gains and losses for the most recent three fiscal years is negative, and the audit report for the most recent fiscal year indicates uncertainty about the company's ability to continue as a going concern. The company's main bank accounts have been frozen, the company has received a "Notice of Prior Administrative Penalty" from the China Securities Regulatory Commission, and the company's stock trading has been subject to a "Other Risk Warning."
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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 lift the delisting risk warning for its stock trading. As of the disclosure date of this announcement, the company's application to the Shenzhen Stock Exchange to lift the delisting risk warning for its stock trading is in the supplementary materials stage, and the final decision is subject to the review opinion of the Shenzhen Stock Exchange. This matter is still uncertain, and the company's stock faces the risk of termination of listing.
(2) If the court accepts the restructuring application, the company's stock will be subject to a delisting risk warning.
(3) If the restructuring fails, the company may be declared bankrupt and face the risk of termination of listing.
I. Progress of the Company's Pre-Restructuring