# ST Yedao

Vintage Desperation: A Chinese Health Wine Pioneer’s Brinkmanship on the Trading Floor

Hainan Yedao, once China’s premier health wine brand, is facing a delisting crisis as auditors investigate suspicious revenue spikes and newly-formed shell companies acting as major distributors. The firm must prove it has legitimately crossed a 300-million-yuan revenue threshold or face expulsion from the Shanghai Stock Exchange.