*ST Panda announced that the company was sued by the China Securities Regulatory Commission on December 29, 2025 for suspected information disclosure violations. From January to September 2025, the company achieved revenue of 155.426 million yuan, a year-on-year decrease of 25.86%; net profit of 13.561 million yuan, a year-on-year decrease of 53.25%. The company's shares have been delisted and other risk warnings have been implemented due to the issuance of an audit report that is unable to express an opinion on the 2024 financial report and the issuance of a negative audit report for internal control. If the 2025 fiscal year does not meet the cancellation conditions, the listing will be terminated. Furthermore, 2.6 million shares held by shareholders Galaxy Bay International will be judicially auctioned, and the results are uncertain. The company's stock price has fluctuated greatly recently, so investors are reminded to be aware of the risks.

*ST Panda announced that the company was sued by the China Securities Regulatory Commission on December 29, 2025 for suspected information disclosure violations. From January to September 2025, the company achieved revenue of 155.426 million yuan, a year-on-year decrease of 25.86%; net profit of 13.561 million yuan, a year-on-year decrease of 53.25%. The company's shares have been delisted and other risk warnings have been implemented due to the issuance of an audit report that is unable to express an opinion on the 2024 financial report and the issuance of a negative audit report for internal control. If the 2025 fiscal year does not meet the cancellation conditions, the listing will be terminated. Furthermore, 2.6 million shares held by shareholders Galaxy Bay International will be judicially auctioned, and the results are uncertain. The company's stock price has fluctuated greatly recently, so investors are reminded to be aware of the risks.