*ST Ruimao announced that the company's shares will be subject to delisting risk warnings and other risk warnings starting April 30, 2026. As of August 15, 2026, the cumulative amount of overdue debt of the company and its subsidiaries was about 6.274 billion yuan; as of September 9, 2026, the total amount involved in litigation and arbitration cases over the past 12 months was about 10.980 billion yuan. During the out-of-court restructuring phase, claims of 7.346 billion yuan were initially confirmed, and confirmation of 12.710 billion yuan was suspended. A definitive restructuring plan has not yet been formed. There is significant uncertainty about whether to enter the restructuring process in the future. If the restructuring fails, the company will face the risk of bankruptcy and liquidation and termination of stock listing. If the relevant situation is not eliminated in 2026, the company's stock listing may be terminated, and the company will disclose the progress every month.

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