ST Joyvio faces delisting risk despite turnaround efforts

** Joyvio Agriculture Development (SZSE:300268) is under pressure after its auditor, ShineWing, issued a qualified opinion citing significant uncertainty about the company's ability to continue as a going concern. This follows a challenging 2024 where the company faces a delisting warning, stemming from negative net assets and persistent losses, compounded by a reported failure to establish adequate internal controls. To address this situation, Joyvio's board has pledged to continue aggressive cost-cutting, seek strategic investment, and push for asset restructuring while ensuring transparent operations. The board and supervisors have expressed their understanding of ShineWing's assessment and affirmed commitment to improve long-term stability and protect shareholder interests.