No brainer. Full disclosure required

You'll be subject to legal consequences if you don't - up to reverse the deal + all damages.

Having 白蚁 (but fully treated) is not a big issue for most buyers in states like TX where 白蚁 is very common.  Yes, Chinese families don't like 白蚁-infested properties. But if the property happens to be in a top school area with limited house supply, they'll also buy it to get their kids into top schools.