*ST Ruimao announced on September 22 that the 104 million shares of the company held by the controlling shareholder Zhengzhou Ruimaotong were pending application by the Ningxia Hui Autonomous Region People's Court to freeze, accounting for 18.76% of its shares and 9.57% of the company's total share capital. According to the announcement, Zhengzhou Ruimaotong's debt is overdue, there are no principal or debt ratings, the company and its indirect controlling shareholder Zhongrui Industrial have terminated their credit ratings, and related lawsuits and arbitration disputes are being negotiated. According to the company, the controlling shareholders' shares awaiting freezing will not have a significant impact on the company's control, shareholding structure, corporate governance, etc., but the cumulative proportion of controlling shareholders' shares being judicially flagged, frozen, and pending freezing is high. If the above shares are subsequently subject to related disposal, there may be a risk that the stability of the company's control rights will be affected. The controlling shareholders are currently actively and properly resolving the above related matters.

*ST Ruimao announced on September 22 that the 104 million shares of the company held by the controlling shareholder Zhengzhou Ruimaotong were pending application by the Ningxia Hui Autonomous Region People's Court to freeze, accounting for 18.76% of its shares and 9.57% of the company's total share capital. According to the announcement, Zhengzhou Ruimaotong's debt is overdue, there are no principal or debt ratings, the company and its indirect controlling shareholder Zhongrui Industrial have terminated their credit ratings, and related lawsuits and arbitration disputes are being negotiated. According to the company, the controlling shareholders' shares awaiting freezing will not have a significant impact on the company's control, shareholding structure, corporate governance, etc., but the cumulative proportion of controlling shareholders' shares being judicially flagged, frozen, and pending freezing is high. If the above shares are subsequently subject to related disposal, there may be a risk that the stability of the company's control rights will be affected. The controlling shareholders are currently actively and properly resolving the above related matters.