ST Kaiyuan: The stock will be subject to delisting risk warning and other risk warnings; the abbreviation has been changed to *ST Kaiyuan

ST Kaiyuan announces that due to the company’s net assets at the end of the audited period for 2025 being negative, it triggers a delisting risk warning; at the same time, the company’s net profit before and after non-recurring gains and losses for the past three accounting years are both negative, and the 2025 audit report shows there is uncertainty about the company’s ability to continue as a going concern, triggering other risk warning situations. The company’s stock has been suspended for one day starting from the market opening on April 28, and resumed trading on April 29 with a delisting risk warning and other risk warning implemented, with the stock abbreviation changed from “ST Kaiyuan” to “*ST Kaiyuan”, the stock code remains unchanged, and the daily price fluctuation limit remains at 20%. If the company reports negative net assets or issues a non-standard audit opinion in 2026, the Shenzhen Stock Exchange will decide to terminate the company’s stock listing and trading.