Group 1 - The company is at risk of being delisted due to significant legal violations, as it was investigated by the China Securities Regulatory Commission (CSRC) on December 4, 2024 [1][2] - On June 13, 2025, the company received a notice from the CSRC indicating that it may face severe penalties, potentially leading to mandatory delisting under the Beijing Stock Exchange listing rules [2][3] - The company has issued multiple risk warnings regarding the potential for mandatory delisting, with the first warning issued on June 13, 2025, and subsequent warnings on June 23, June 25, and July 4, 2025 [2][3] Group 2 - The company has not planned any major restructuring activities, such as debt restructuring, asset divestiture, or strategic investments, which may indicate a lack of proactive measures to mitigate the delisting risk [1][2] - The company is committed to cooperating with the CSRC and will adhere to information disclosure obligations as required [2][3] - The Beijing Stock Exchange will make a decision regarding the termination of the company's stock listing based on legal regulations [3]
*ST广道: 关于公司股票可能被实施重大违法强制退市的第五次风险提示公告