*ST Zhuoran (688121.SH): May be subject to major offenses and forced delisting

Zhitong Finance App News, *ST Zhuoran (688121.SH) issued an announcement. On September 11, 2026, the company received the “Advance Notice of Administrative Penalty” issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (“Shanghai Securities Regulatory Bureau”), which determined that the company suspected false records in the 2021-2024 annual report. According to the findings of the “Advance Notice of Administrative Penalty” received, the company may have committed a major offense and may be forcibly delisted from the market for major offenses. The company's stock will be superimposed by the Shanghai Stock Exchange to implement a delisting risk warning. If, according to the findings of the administrative penalty decision of the China Securities Regulatory Commission, the company's stock listing will be terminated if it is involved in a serious illegal and forced delisting situation.