*ST Zhengping announced that the company's stock rose and stopped for 4 consecutive trading days from December 24 to December 30, 2025, with a cumulative increase of 22.87%. The company's stock price rose sharply in the short term, seriously deviating from fundamentals and reminding investors to make rational decisions and invest prudently. Furthermore, the company's pre-restructuring claim only involves some subsidiaries, and there is significant uncertainty about the accuracy and completeness of the claim declaration. The company does not rule out the risk that the listing will be terminated due to asset impairment and insufficient debt accrual, resulting in negative net assets due to negative net assets due to asset impairment and insufficient debt accrual. The company's performance continued to lose money. Net profit to mother was -484 million yuan in 2024, and net profit to mother for the third quarter of 2025 was -99 million yuan. The company's pre-restructuring claim is a partial claim declaration. The company's main holding subsidiaries are not included in the scope of this pre-restructuring claim. There is significant uncertainty about the accuracy and completeness of the debt declaration, and it may be difficult for the company to eliminate matters relating to non-standard opinions through this debt declaration.

*ST Zhengping announced that the company's stock rose and stopped for 4 consecutive trading days from December 24 to December 30, 2025, with a cumulative increase of 22.87%. The company's stock price rose sharply in the short term, seriously deviating from fundamentals and reminding investors to make rational decisions and invest prudently. Furthermore, the company's pre-restructuring claim only involves some subsidiaries, and there is significant uncertainty about the accuracy and completeness of the claim declaration. The company does not rule out the risk that the listing will be terminated due to asset impairment and insufficient debt accrual, resulting in negative net assets due to negative net assets due to asset impairment and insufficient debt accrual. The company's performance continued to lose money. Net profit to mother was -484 million yuan in 2024, and net profit to mother for the third quarter of 2025 was -99 million yuan. The company's pre-restructuring claim is a partial claim declaration. The company's main holding subsidiaries are not included in the scope of this pre-restructuring claim. There is significant uncertainty about the accuracy and completeness of the debt declaration, and it may be difficult for the company to eliminate matters relating to non-standard opinions through this debt declaration.