*ST天茂提示：股票可能终止上市风险并拟主动退市

Core Viewpoint - *ST Tianmao has issued its fifth risk warning regarding the potential termination of its stock listing due to failure to disclose the 2024 annual report and the 2025 Q1 report within the legal timeframe [1] Group 1: Listing Status - The company has been under delisting risk warning since July 8, as it failed to disclose the required reports [1] - If the company does not disclose more than half of the 2024 annual report guaranteed by its directors within two months of the warning, the Shenzhen Stock Exchange will decide to terminate its listing [1] Group 2: Regulatory Actions - On May 6, the company was investigated by the China Securities Regulatory Commission for failing to disclose periodic reports on time [1] - The board of directors passed a resolution on August 8 to voluntarily withdraw from A-share listing [1] Group 3: Future Steps - The company will suspend trading from August 14 and apply for transfer to the delisting segment [1] - A shareholder protection mechanism will be established following the delisting [1]