*ST Jiawo Applies to Withdraw Delisting Risk Warning and Other Risk Warnings

(Source: Beijing Business Daily)

Beijing Business Daily News (Reporter Wang Manlei): On the evening of March 15, *ST Javo (300268) announced that the company has submitted an application to the Shenzhen Stock Exchange to revoke the delisting risk warning and other risk warnings.

It is understood that *ST Javo’s audited net assets at the end of 2024 are negative. The net profit before non-recurring gains and losses for 2022, 2023, and 2024, after deducting non-recurring gains and losses, has been negative for three consecutive fiscal years. Additionally, ShineWing Zhonghe issued an unqualified audit opinion with a paragraph on significant uncertainty regarding the company’s ability to continue as a going concern for the 2024 financial statements. These circumstances meet the criteria for other risk warnings under Article 9.4, Item 6 of the Stock Listing Rules, and delisting risk warnings under Article 10.3.1, Item 2. According to the relevant provisions of the Stock Listing Rules, the company’s stock has been subject to a “delisting risk warning” starting from the market opening on March 14, 2025, and continues to be under “other risk warnings.”

*ST Javo stated that the company’s 2025 financial report has been audited by ShineWing Zhonghe, which issued a standard unqualified audit opinion. The audit report shows that as of December 31, 2025, the net assets attributable to shareholders of the listed company are 275 million yuan; the operating revenue for 2025 was 1.657 billion yuan, with net revenue after deducting non-operating income of 1.619 billion yuan, and attributable net profit of -427 million yuan, with -418 million yuan attributable net profit after non-recurring items.

The company conducted a self-inspection based on the relevant provisions of the Stock Listing Rules. The 2025 annual report and audit report indicate that the company does not meet any of the circumstances specified in Article 9.4 (Items 1) to (8), or in Article 10.3.11 (Items 1) and (7) of the Stock Listing Rules.

The company has submitted an application to the Shenzhen Stock Exchange to revoke the delisting risk warning and other risk warnings. During the review period by the Shenzhen Stock Exchange, the company will not apply for a stock suspension, and the company’s stock will trade normally. Whether the delisting risk warning and other risk warnings will be revoked depends on the review by the Shenzhen Stock Exchange. There is uncertainty regarding the revocation of these warnings.

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