# Hainan Yedao

Distilling Desperation: The Delisting Crisis Facing China’s 'First Health Wine' Brand

Hainan Yedao is facing potential delisting as auditors question the legitimacy of its 2025 revenue figures, which are propped up by suspicious late-year sales and newly registered distributors. The company's decline from an industry leader to a struggling shell entity highlights severe failures in governance and strategic focus.