ST Lonyer warns of trading risks amid stock surge

Shanghai Lonyer Data Co., Ltd. (*ST Lonyer) has issued a risk alert to investors, citing recent significant stock price increases and inherent market volatility. The company faces potential delisting due to an adverse audit opinion for 2023 and internal control issues. A controlling shareholder has outstanding fund occupation of RMB 86.79 million. The company also forecasts a net loss attributable to shareholders of between RMB 315 million and RMB 390 million for 2024. Shanghai Lonyer Data Co., Ltd. strongly advises investors to exercise caution and rely on official company announcements published on the Shanghai Stock Exchange website.