ST Nandu announced that the company's stock was denied due to internal controls in the 2025 financial report, and other risk warnings were implemented from April 30, 2026; other risk warnings were implemented in combination on May 6 of the same year due to the freezing of the company's and subsidiary bank accounts. 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 date of disclosure of the announcement, a total of 194 bank accounts of the company and its subsidiaries had been frozen. The amount applied for freezing was about 4.183 billion yuan, and the actual amount frozen was 84.7531 million yuan. Recently, 8 new lawsuits and arbitration cases were added, involving a total amount of about $28.453,900. The company will disclose the progress every month. If the internal control audit issues a negative opinion for two consecutive years, the stock will be subject to a delisting risk warning.

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