Securities Code: 300472
Securities Abbreviation: *ST Xinyuan
Announcement No.: 2026-083
Wanxiang Xinyuan Technology Co., Ltd.
Announcement on Progress of Matters Regarding Company Stock Trading Being Subject to Other Risk Warnings
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there is no false record, misleading statement, or major omission.
Special Risk Reminder:
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The company's net profit after deducting non-recurring gains and losses for the last three consecutive accounting years has been negative, and the audited report for the most recent accounting year indicates uncertainty about the company's ability to continue as a going concern. According to Article 9.4, Paragraph (VI) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the company's stock trading has been subject to other risk warnings.
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The company's main bank accounts have been frozen, affecting the inflow and outflow of some funds. According to Article 9.4, Paragraph (II) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the company's stock trading has been subject to other risk warnings.
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The company has received a "Notice of Prior Administrative Penalty" from the China Securities Regulatory Commission. According to Article 9.4, Paragraph (VII) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the company's stock trading has been subject to other risk warnings.
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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 is in the stage of supplementing materials, and the final decision is subject to the review and approval 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. Relevant Situation Regarding the Company Being Subject to Other Risk Warnings
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Da Hua Certified Public Accountants (Special General Partnership) issued a negative opinion on the company's internal control for 2024. According to Article 9.4, Paragraph (IV) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the company's stock trading has been subject to other risk warnings.
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The company's net profit attributable to shareholders of the listed company for 2024 is negative. According to the company's annual reports for 2022 and 2023, the net profit attributable to shareholders of the listed company for 2022 and 2023 is negative, and the net profit after deducting non-recurring gains and losses is also negative. That is, the lower of net profit before and after deducting non-recurring gains and losses for the last three consecutive accounting years is negative, and the audited report for the most recen