*ST Lingnan announced that since the opening of the company's stock market on April 30, 2026, a delisting risk warning has been implemented, and many other risk warnings are still being implemented in combination. The company's revenue for 2025 was 112 million yuan, net loss due to mother was 2,336 million yuan, net non-net loss of 2,776 million yuan, and net assets at the end of the period were -1,297 million yuan; the 2025 financial report was issued with audit reports where no opinion could be expressed, and negative opinions were issued on the 2024 and 2025 internal control audit reports. If the relevant delisting situation occurs in 2026, the listing of the company's shares will be terminated. This is the fourth announcement on the risk of termination of listing.

*ST Lingnan announced that since the opening of the company's stock market on April 30, 2026, a delisting risk warning has been implemented, and many other risk warnings are still being implemented in combination. The company's revenue for 2025 was 112 million yuan, net loss due to mother was 2,336 million yuan, net non-net loss of 2,776 million yuan, and net assets at the end of the period were -1,297 million yuan; the 2025 financial report was issued with audit reports where no opinion could be expressed, and negative opinions were issued on the 2024 and 2025 internal control audit reports. If the relevant delisting situation occurs in 2026, the listing of the company's shares will be terminated. This is the fourth announcement on the risk of termination of listing.