Zhuo Weilong, the controlling shareholder and actual controller of Zhuojin Co., Ltd. (688701.SH), and Chen Fenglian, director and deputy general manager, have been released on bail awaiting trial

Zhitong Finance App News, Zhuo Jin Co., Ltd. (688701.SH) issued an announcement. Mr. Zhuo Weilong, the controlling shareholder, actual controller, chairman and general manager of the company, and Mr. Chen Fenglian, the company's director and deputy general manager, received the “Bail Awaiting Trial Decision” issued by the Hangzhou Municipal Public Security Bureau on December 12, 2025. The illegal disclosure involved was the same matter as the company being punished by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission in May 2023. The above illegal acts of information disclosure do not involve illegal disclosure of important information and forced delisting. Currently, Zhuo Weilong and Chen Fenglian are able to perform their duties normally, the company's daily operations are normal, and all tasks are being carried out in an orderly manner.