*ST Changyao announced that due to negative net assets at the end of the 2024 fiscal year and false records in the 2021 to 2023 annual report, the company's stock was superimposed on a delisting risk warning starting December 29, 2025. The company's stock trading will not be suspended on December 29, 2025, and the daily rise and fall limit for stock prices is still 20%.

*ST Changyao announced that due to negative net assets at the end of the 2024 fiscal year and false records in the 2021 to 2023 annual report, the company's stock was superimposed on a delisting risk warning starting December 29, 2025. The company's stock trading will not be suspended on December 29, 2025, and the daily rise and fall limit for stock prices is still 20%.