*ST Zhuoran announced that the company and actual controller Zhang Jinhong were sued by the China Securities Regulatory Commission on December 20, 2025 due to suspected illegal information disclosure violations, etc. According to the regulatory investigation situation, it has now been initially discovered that some of the annual financial information disclosed by the company is suspected of being false, which may have involved major illegal forced delisting situations. If the facts later determined by the administrative penalties of the China Securities Regulatory Commission touch on a major illegal forced delisting situation stipulated in the relevant listing rules, the company's shares will be subject to major illegal forced delisting. As of the disclosure date of this announcement, the investigation by the China Securities Regulatory Commission is still ongoing, and the company will actively cooperate with the investigation and fulfill its obligation to disclose information.

*ST Zhuoran announced that the company and actual controller Zhang Jinhong were sued by the China Securities Regulatory Commission on December 20, 2025 due to suspected illegal information disclosure violations, etc. According to the regulatory investigation, it has now been initially discovered that some of the annual financial information disclosed by the company is suspected of being false, which may have involved major illegal forced delisting situations. If the facts later determined by the administrative penalties of the China Securities Regulatory Commission touch on a major illegal forced delisting situation stipulated in the relevant listing rules, the company's shares will be subject to major illegal forced delisting. As of the disclosure date of this announcement, the investigation by the China Securities Regulatory Commission is still ongoing, and the company will actively cooperate with the investigation and fulfill its obligation to disclose information.