*ST Meixun: Annual performance expected to be in loss in 2024, may be delisted by SSE

Jinshi data news on January 22nd, *ST Meixun announced that it is expected that the vested net profit of the listed company’s shareholders in 2024 will be -37 million to -45 million yuan, and the net profit after deducting non-recurring gains and losses will be -43 million to -53 million yuan. It is expected to achieve operating income of 36 million to 42 million yuan, and operating income after deducting business income unrelated to the main business and income that does not have commercial substance is 28 million to 33 million yuan, which is less than 300 million yuan. It is expected that the net assets at the end of the period will be -110 million to -135 million yuan. The company’s stock has had a total Market Cap lower than RMB 500 million for 20 consecutive trading days from December 13, 2024 to January 10, 2025, and has reached the delisting index for trading class compulsion. The company’s stock has been suspended from January 13, 2025 and may be terminated from listing by the Shanghai Stock Exchange.