*ST Nachuan announced that the company's shares have been subject to a delisting risk warning since the opening of the market on April 29, 2026. If the 2026 annual report hits one of the situations where net profit is negative and revenue after deduction is less than 100 million yuan, net assets at the end of the period are negative, financial reports are issued non-standard audit opinions, and internal control audit reports are denied or unable to express opinions, the stock listing will be terminated. As of the disclosure date of the announcement, the company's delisting risk warning and other risk warnings have not been lifted. This is the fifth time that the relevant risk warning notice has been disclosed. Investors are kindly requested to invest rationally and pay attention to risks.

*ST Nachuan announced that the company's shares have been subject to a delisting risk warning since the opening of the market on April 29, 2026. If the 2026 annual report hits one of the situations where net profit is negative and revenue after deduction is less than 100 million yuan, net assets at the end of the period are negative, financial reports are issued non-standard audit opinions, and internal control audit reports are denied or unable to express opinions, the stock listing will be terminated. As of the disclosure date of the announcement, the company's delisting risk warning and other risk warnings have not been lifted. This is the fifth time that the relevant risk warning notice has been disclosed. Investors are kindly requested to invest rationally and pay attention to risks.