Core Viewpoint - Tianmao Group is unable to hold the 2024 annual shareholders' meeting within the stipulated timeframe due to incomplete preparation of the annual report, which may lead to significant regulatory consequences [1][2]. Group 1: Reasons for Inability to Hold the Meeting - The company has not completed the preparation of the 2024 annual report, which is required to be disclosed within six months after the end of the previous fiscal year [2]. - The company had previously announced the inability to disclose the 2024 annual report and the Q1 2025 report by the legal deadline [1][2]. Group 2: Solutions and Disclosure Timeline - The company is actively working to complete the necessary reports and will communicate with relevant parties to expedite the process [2]. - Once the reports are finalized, the company will convene a board meeting to review the relevant proposals and subsequently hold the annual shareholders' meeting [2]. Group 3: Impact of Delayed Disclosure - Due to the failure to disclose the 2024 annual report within the legal timeframe, the company's stock has been suspended from trading since May 6, 2025 [2]. - If the company does not disclose the annual report within two months of the stock suspension, it may face delisting risk warnings, and further delays could lead to termination of stock trading [2].

Core Points - ST New Wave (600777) announced that it cannot disclose the 2024 annual report and the 2025 Q1 report within the statutory deadline due to the need for further supplementary financial information [1] - The company's stock will be suspended from trading starting May 6, 2025 [1] - If the company fails to disclose the 2024 annual report within two months of the stock suspension, it will face delisting risk warnings and may resume trading [1] - If the company does not disclose a majority of the board's assurance of the authenticity, accuracy, and completeness of the 2024 annual report within two months of the delisting risk warning, there is a risk of termination of listing by the Shanghai Stock Exchange [1]

Core Viewpoint - The company, Zhitian Technology (300280), is unable to disclose its 2024 annual report and 2025 Q1 report by the statutory deadline due to the lack of an appointed annual auditor [1] Group 1: Audit and Reporting Issues - The company was originally scheduled to disclose its 2024 annual report and 2025 Q1 report on April 23, 2025, but will not meet the statutory deadline of April 30, 2025 [1] - The shareholders' meeting on May 20, 2024, approved the appointment of Beijing Yatai International Accounting Firm as the auditor for the 2024 annual report [1] - As of April 11, 2025, the company has not signed an audit service agreement with Yatai International and has outstanding audit fees for 2023, leading Yatai International to cease discussions regarding the 2024 annual audit [1] - The company will continue to contact audit firms to advance the preparation and disclosure of its annual report [1]