*ST Nachuan announced that the company's total profit and net profit for 2025 were negative. After deduction, revenue was less than 100 million yuan, net assets at the end of the period were -148 million yuan, the 2024-2025 internal control audit report was negative, and a delisting risk warning was implemented on April 29, 2026. If the 2026 annual report shows one of the situations where the total audited profit etc. are negative and the revenue after deduction falls below 100 million yuan, the listing of the company's shares will be terminated. As of the disclosure date of the announcement, the delisting risk warning and other risk warnings have not been lifted.

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