*ST Cubic has completed its review of stock price fluctuations and will resume trading on Wednesday, February 11. The company announced that during the trading suspension period, it conducted an internal investigation into matters related to the significant volatility in its share price. With the self-examination now concluded, trading will recommence following an application to the exchange.

The company issued a warning that its stock carries substantial trading risks. Currently, the share price is severely disconnected from the company's fundamental performance, reflecting overheated market sentiment and speculative trading. There is a significant risk of a rapid price decline in the future.

Over a 10-trading-day period from January 20 to February 5, excluding three days of suspension, the stock hit the daily upside limit on seven occasions, surging 314.93%. The repeated sharp price movements triggered multiple stock trading anomaly alerts. Given the substantial short-term gains that have significantly diverged from broader market trends, the potential for a sharp correction remains high.

*ST Cubic indicated that if the stock price continues to rise abnormally, it may apply again to the Shenzhen Stock Exchange for a trading halt and further review. Investors are strongly advised to fully understand secondary market risks and make rational, cautious investment decisions.

On February 10, the Shenzhen Stock Exchange issued a risk warning regarding trading in *ST Cubic shares. The exchange noted the stock’s extreme volatility and multiple triggers of abnormal trading criteria. Regulatory measures, including temporary trading suspensions, have been imposed on investors involved in irregular trading activities. Given the serious risk of mandatory delisting due to major violations, investors are urged to exercise caution.

According to the announcement, *ST Cubic faces potential forced delisting for major compliance breaches. On November 28, 2025, the company received a prior notice of administrative penalty and market entry ban from the Anhui Bureau of the China Securities Regulatory Commission. The notice indicated that the company may fall under specified circumstances for compulsory delisting as per the Shenzhen Stock Exchange’s Growth Enterprise Market rules, due to major legal violations.

The notice revealed that the company’s annual reports for 2021, 2022, and 2023 contained false records. Falsified revenue for 2021 and 2022 totaled approximately 592 million yuan, accounting for 50.91% of the total reported revenue for those two years.

In terms of financial performance, the company’s 2025 annual earnings forecast projects a net loss attributable to shareholders of 180 to 210 million yuan. *ST Cubic has been reporting losses for multiple consecutive years.

Public information shows that *ST Cubic is a digital technology cloud service provider focused on new digital infrastructure. The company offers a range of professional services—from hardware and software products to integrated solutions—supporting secure and efficient digital transformation and intelligence upgrades for corporate and government clients.

As of February 5, the stock closed at 1.03 yuan per share, with a total market capitalization of 1.8 billion yuan.