皇庭国际：股票可能被实施退市风险警示

Core Viewpoint - The company, Huangting International, anticipates that its net assets attributable to the parent company may be negative by the end of the fiscal year 2025, which could lead to a risk warning for its stock trading [1] Financial Outlook - The company’s financial department has conducted preliminary calculations indicating a potential negative net asset value for the fiscal year 2025 [1] - The final audited financial data will be disclosed in the official 2025 annual report, which is still under audit as of the announcement date [1] Regulatory Implications - If the audited net assets are confirmed to be negative, the company’s stock will receive a delisting risk warning, indicated by the prefix "*ST" before the stock name, following the Shenzhen Stock Exchange's regulations [1] - The company is required to issue at least two additional risk warning announcements before the release of the 2025 annual report [1]