*ST Zhuoran announced that as of October 16, 2026, the closing price of the company's shares was 0.81 yuan/share, with a total market value of 189 million yuan, and the daily closing market value was less than 300 million yuan for 12 consecutive trading days; if the closing market value falls below 300 million yuan for 20 consecutive trading days, it will affect mandatory delisting of traded stocks, and forcibly delisted stocks will not enter the delisting period. Furthermore, the company was filed by the Securities Regulatory Commission on suspicion of illegal disclosure of information. It received an “Advance Notice of Administrative Penalty” on September 11, 2026, which may touch upon a situation of major illegal and forced delisting. The company's shares have been superimposed on delisting risk warnings, and in the end, the official penalty decision of the Securities Regulatory Commission shall prevail.

*ST Zhuoran announced that as of October 16, 2026, the closing price of the company's shares was 0.81 yuan/share, with a total market value of 189 million yuan, and the daily closing market value was less than 300 million yuan for 12 consecutive trading days; if the closing market value falls below 300 million yuan for 20 consecutive trading days, it will affect mandatory delisting of traded stocks, and forcibly delisted stocks will not enter the delisting period. Furthermore, the company was filed by the Securities Regulatory Commission on suspicion of illegal disclosure of information. It received an “Advance Notice of Administrative Penalty” on September 11, 2026, which may touch upon a situation of major illegal and forced delisting. The company's shares have been superimposed on delisting risk warnings, and in the end, the official penalty decision of the Securities Regulatory Commission shall prevail.