Beijing Shengxun Electronics Co., Ltd. Risk Warning Announcement on the Possible Delisting of the Company's Stocks and Convertible Bonds (Fourth)

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Stock code: 003004 Stock abbreviation: *ST Shengxun Announcement No.: 2026-012

Bond code: 127080 Bond abbreviation: Shengxun Convertible Bond

Beijing Shengxun Electronics Co., Ltd.

Regarding the risk of the company’s stock and convertible corporate bonds possibly being delisted

Notice (Fourth)

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, complete, and does not contain false records, misleading statements, or major omissions.

Special reminder:

1. Beijing Shengxun Electronics Co., Ltd. (hereinafter referred to as the “Company”) disclosed the “Announcement on the Implementation of Delisting Risk Warning and Stock Suspension of Trading on the Company’s Stock” on April 30, 2025. Due to the total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2024 all being negative, and the deducted operating income being less than 300 million yuan, the company’s stock will be subject to delisting risk warning from May 6, 2025. If the company encounters the circumstances stipulated in Article 9.3.12 of the “Shenzhen Stock Exchange Stock Listing Rules” (hereinafter referred to as the “Listing Rules”) in the year 2025, there is a risk that the company’s stock and convertible corporate bonds may be delisted.

2. According to Article 9.3.6 of the Listing Rules: “If a listed company touches upon the circumstances described in the first three items of the first paragraph of Article 9.3.1 of these rules, its stock trading will be subject to delisting risk warning, and shall disclose a risk warning announcement regarding the possibility of the stock being delisted within one month after the end of the accounting year in which the stock trading was subject to delisting risk warning. During the period from the first risk warning announcement until the annual report is disclosed, a risk warning announcement shall be disclosed every ten trading days.” This announcement is the company’s fourth risk warning announcement. We kindly remind all investors to make cautious decisions and pay attention to investment risks. As of the date of this announcement, the circumstances under which the company may be delisted are shown in the table below:

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I. Reasons for the potential delisting of the company’s stock and convertible corporate bonds

On April 30, 2025, the company disclosed the “2024 Annual Report,” where the total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2024 were all negative, and the deducted operating income was below 300 million yuan (after deducting operating income unrelated to the main business and lacking commercial substance, it was 282.4455 million yuan). According to Article 9.3.1 of the “Shenzhen Stock Exchange Stock Listing Rules,” the company’s stock has been subject to delisting risk warning as of May 6, 2025, with the stock abbreviation changed from “Shengxun Shares” to “*ST Shengxun,” while the stock code remains “003004.”

According to Article 9.3.12 of the Listing Rules: "If a listed company touches upon the circumstances of the first item of Article 9.3.1 of these rules, and the actual circumstances triggering the delisting risk warning occur in the following year, one of the following circumstances will lead to the decision to terminate the company’s stock listing:

(1) The lowest of the audited total profit, net profit, or net profit after deducting non-recurring gains and losses is negative, and the deducted operating income is below 300 million yuan. (2) The audited net assets at the end of the period are negative.

(3) The financial accounting report is accompanied by an audit report with a qualified opinion, disclaimer of opinion, or adverse opinion.

(4) After retrospective restatement, the lowest of the total profit, net profit, or net profit after deducting non-recurring gains and losses is negative, and the deducted operating income is below 300 million yuan; or the retrospective restatement results in negative net assets at the end of the period. (5) The internal control of the financial report receives an audit report with a disclaimer of opinion or adverse opinion. (6) The internal control audit report is not disclosed as required, except for cases where disclosure cannot be made due to bankruptcy reorganization, restructuring for listing, or major asset restructuring. (7) The company fails to disclose the annual report guaranteeing the authenticity, accuracy, and completeness by more than half of the directors within the statutory time limit. (8) Although it meets the requirements of Article 9.3.8, it does not apply to the exchange to withdraw the delisting risk warning within the prescribed time. (9) The application to withdraw the delisting risk warning is not approved by the exchange. (10) Other circumstances recognized by the exchange."

According to Article 9.1.14 of the Listing Rules: “If a listed company’s stock is delisted, its issued convertible corporate bonds and other derivatives shall also be delisted, and the relevant delisting matters shall be handled in accordance with the delisting regulations for stocks.”

If the company encounters the first circumstance stipulated in Article 9.3.12 of the Listing Rules in the year 2025, there is a risk that the company’s stock and convertible corporate bonds may be delisted.

II. Disclosure of previous delisting risk warning announcements

The company first disclosed the “Risk Warning Announcement Regarding the Potential Delisting of the Company’s Stock and Convertible Corporate Bonds” on January 28, 2026 (Announcement No.: 2026-008).

The company disclosed the “Risk Warning Announcement Regarding the Potential Delisting of the Company’s Stock and Convertible Corporate Bonds (Second)” on February 10, 2026 (Announcement No.: 2026-009).

The company disclosed the “Risk Warning Announcement Regarding the Potential Delisting of the Company’s Stock and Convertible Corporate Bonds (Third)” on March 4, 2026 (Announcement No.: 2026-010).

This announcement is the company’s fourth disclosure regarding the potential delisting of its stock and convertible corporate bonds.

III. Risk Warning

1. According to preliminary estimates by the company’s finance department, the company expects that the net profit after deducting non-recurring gains and losses for the year 2025 will be between -13.3 million yuan and -7.3 million yuan, with the loss margin narrowing compared to the same period last year; it is expected that the deducted operating income for the year 2025 will be between 350 million yuan and 400 million yuan, showing a certain degree of growth compared to the same period last year. The above financial data have not been audited by an accounting firm and carry uncertainties; the final financial data shall be based on the company’s officially disclosed audited “2025 Annual Report.” The specific performance forecast data for 2025 can be found in the “2025 Annual Performance Forecast” disclosed by the company on January 28, 2026, on the Juchao Information Network.

2. According to Article 9.3.8 of the Listing Rules, if the company’s audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2025 are all positive, or the deducted operating income exceeds 300 million yuan, and there are no other circumstances that require delisting risk warning, the company will promptly apply to the Shenzhen Stock Exchange to withdraw the delisting risk warning after the board of directors reviews and discloses the “2025 Annual Report.” As the “2025 Annual Report” has not yet been disclosed, we kindly remind all investors to pay attention to investment risks.

3. The company will strictly comply with the relevant provisions of the Listing Rules and fulfill its information disclosure obligations in a timely manner. The designated information disclosure media of the company are “Securities Times,” “China Securities Journal,” “Shanghai Securities News,” “Securities Daily,” and Juchao Information Network. All information of the company shall be based on the information published in the above media. We kindly remind all investors to invest rationally and pay attention to risks.

This announcement is hereby made.

Board of Directors of Beijing Shengxun Electronics Co., Ltd.

March 17, 2026

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