新华锦：可能被实施其他风险警示及退市风险警示

Core Viewpoint - Xinhua Jin Group and its affiliates have non-operational occupation of company funds amounting to 406 million yuan, which has not yet been repaid [1] Group 1: Financial Situation - As of the disclosure date of the semi-annual report in 2025, the balance of non-operational occupation of funds is 406 million yuan [1] - The company is actively promoting the equity transfer of Shandong Jimo Huangjiu Factory Co., Ltd. and urging Xinhua Jin Group to expedite the revitalization and disposal of other assets to repay the occupied funds [1] Group 2: Risk of Stock Trading - If the company fails to recover the occupied funds within one month, the stock will be subject to other risk warnings [1] - If the funds are not recovered within six months, the stock will be suspended from trading, and if rectification is not completed within two months after suspension, it will face delisting risk warnings [1] - If rectification is still not completed within two months after the delisting risk warning, the stock will be terminated from listing [1]