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*ST New Research: Planning to apply for the removal of delisting risk warning
*ST New Research Announcement: Due to the company’s total owner’s equity attributable to shareholders of the listed company of -2.71 billion yuan as audited at the end of 2024, it falls under the circumstance described in Item (II) of the first paragraph of Article 10.3.1 of the Shenzhen Stock Exchange ChiNext Stock Listing Rules—“the audited net assets at the end of the most recent accounting year are negative.” As a result, starting from the market open on March 20, 2025, the company’s stock has been subject to “delisting risk warning.” According to the “2025 Annual Audit Report,” the company’s audited net assets attributable to shareholders of the listed company as of the end of 2025 were 2.677 billion yuan, representing a turnaround from -2.71 billion yuan at the end of 2024. For 2025, the company’s audited total profit was 47.4632 million yuan; its net profit attributable to shareholders of the listed company was 43.1321 million yuan; and its net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -425 million yuan. For 2025, its operating revenue after deductions was 616 million yuan. The company meets the conditions to apply for revoking the delisting risk warning, and has submitted to the Shenzhen Stock Exchange an application to revoke the delisting risk warning for trading of the company’s stock.