Announcement on Risk Warning of Potential Delisting of Company Shares

Securities Code: 300716

Securities Abbreviation: *ST Quanwei

Announcement No.: 2026-086

Guangdong Quanwei Technology Co., Ltd.

Announcement on Risk Warning of Potential Delisting of Company Shares

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Special Reminder:

1. As of the disclosure date of this announcement, the Company has not yet received the formal acceptance document from the Intermediate People's Court of Dongguan, Guangdong Province (hereinafter referred to as the "Dongguan Intermediate Court") regarding the restructuring matter. There is uncertainty as to whether the creditor's restructuring application will be formally accepted by the Dongguan Intermediate Court and enter the restructuring procedure. If the court formally accepts the restructuring application filed by the applicant against the Company, according to Article 10.4.1, Paragraph 9 of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the Company's shares will be subject to an additional delisting risk warning after the court formally accepts the company's restructuring. The stock abbreviation "*ST Quanwei" will remain unchanged.

2. On April 30, 2026, the Company disclosed the "Notice on the Warning of Delisting Risk, Continued Implementation of Other Risk Warnings, and Suspension of Trading of Company Shares" (Announcement No.: 2026-053). The Company's shares were subject to a delisting risk warning from the opening of trading on May 6, 2026. If the Company encounters circumstances stipulated in Article 10.3.11 of the "Shenzhen Stock Exchange GEM Stock Listing Rules," its shares are at risk of being delisted.

3. According to the audited 2025 annual report data, the Company's total profit in 2025 was -37,952.29 million yuan, net profit attributable to shareholders of the listed company (hereinafter referred to as "net profit") was -22,142.08 million yuan, net profit after deducting non-recurring gains and losses (hereinafter referred to as "non-recurring net profit") was -15,096.16 million yuan, and operating revenue was 4,808.53 million yuan. The Company's net assets at the end of 2025 were -16,340.36 million yuan. The Company's total profit, net profit, and non-recurring net profit in 2025 were all negative, and the operating revenue after deduction was less than 100 million yuan. The Company's net assets at the end of 2025 were negative. According to Article 10.3.1, Paragraph (1) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the Company's shares were subject to a delisting risk warning after the disclosure of the "2025 Annual Report"; the Company's net assets at the end of the most recent accounting year were negative. According to Article 10.3.1, Paragraph (2) of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the Company's shares were subject to a delisting risk warning after the disclosure of the "2025 Annual Report"; the Company's net assets at the end of the most recent accounting year were negative.