*ST Panda announced that the cumulative deviation value of the daily closing price increase of the company's stock exceeded 12% for three consecutive trading days, including December 18, 2025, which is an abnormal fluctuation. After self-inspection and verification with the controlling shareholders, no material information should have been disclosed. 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%. Due to non-standard opinions issued in the 2024 financial report and internal control, stocks were delisted and other risk warnings. If the cancellation conditions are not met in 2025, the listing will be terminated. Furthermore, the shareholder Galaxy Bay International's 2.6 million shares will be judicially auctioned, and the results are uncertain.

*ST Panda announced that the cumulative deviation value of the daily closing price increase of the company's stock exceeded 12% for three consecutive trading days, including December 18, 2025, which is an abnormal fluctuation. After self-inspection and verification with the controlling shareholders, no material information should have been disclosed. 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%. Due to non-standard opinions issued in the 2024 financial report and internal control, stocks were delisted and other risk warnings. If the cancellation conditions are not met in 2025, the listing will be terminated. Furthermore, the shareholder Galaxy Bay International's 2.6 million shares will be judicially auctioned, and the results are uncertain.