ST Nandu announced that the company's shares were denied due to internal controls in the 2025 financial report, and other risk warnings were implemented from April 30, 2026; on May 6, 2026, due to the freezing of the company's and subsidiary bank accounts, other risk warnings were implemented in combination. At present, the company has revised a number of internal control management systems, and major internal control flaws in seal management have been rectified. As of the disclosure date of the announcement, the company and its subsidiaries had a total of 184 frozen accounts, with an amount of 3,595 billion yuan applied for freezing, accounting for 254.34% of the latest audited net assets; the actual amount frozen was 754.748 million yuan, accounting for 5.34%. A total of 96 new lawsuits and arbitrations were added in 12 consecutive months, involving an additional amount of 180 million yuan. The company and its subsidiaries were all defendants. If a negative opinion is issued on the internal control of the financial report for two consecutive fiscal years, the company's shares will be subject to a delisting risk warning.

ST Nandu announced that the company's shares were denied due to internal controls in the 2025 financial report, and other risk warnings were implemented from April 30, 2026; on May 6, 2026, due to the freezing of the company's and subsidiary bank accounts, other risk warnings were implemented in combination. At present, the company has revised a number of internal control management systems, and major internal control flaws in seal management have been rectified. As of the disclosure date of the announcement, the company and its subsidiaries had a total of 184 frozen accounts, with an amount of 3,595 billion yuan applied for freezing, accounting for 254.34% of the latest audited net assets; the actual amount frozen was 754.748 million yuan, accounting for 5.34%. A total of 96 new lawsuits and arbitrations were added in 12 consecutive months, involving an additional amount of 180 million yuan. The company and its subsidiaries were all defendants. If a negative opinion is issued on the internal control of the financial report for two consecutive fiscal years, the company's shares will be subject to a delisting risk warning.