ST Zhuoran announced that the company received an “Advance Notice of Administrative Penalties” from the Shanghai Securities Regulatory Bureau and found false records of inflated revenue and total profit in the company's 2021 to 2024 annual report, including a total inflated profit of 438,365 million yuan in 2021, a total inflated profit of 137.233 million yuan in 2023, inflated profit of 224 million yuan, inflated operating income of 231 million yuan and total inflated profit of 556.72 million yuan in 2024; at the same time, there was an undisclosed connection between the prospectus and annual report Major omissions in the transaction, failure to promptly disclose the use of non-operating capital, and the placement of actual controller Zhang Jinhong. The company may encounter major illegal and forced delisting situations. Stock delisting risk warnings will be implemented in addition. If relevant circumstances are eventually encountered, the listing will be terminated, and no formal penalty decision has yet been received.

ST Zhuoran announced that the company received an “Advance Notice of Administrative Penalties” from the Shanghai Securities Regulatory Bureau and found false records of inflated revenue and total profit in the company's 2021 to 2024 annual report, including a total inflated profit of 438,365 million yuan in 2021, a total inflated profit of 137.233 million yuan in 2023, inflated profit of 224 million yuan, inflated operating income of 231 million yuan and total inflated profit of 556.72 million yuan in 2024; at the same time, there was an undisclosed connection between the prospectus and annual report Major omissions in the transaction, failure to promptly disclose the use of non-operating capital, and the placement of actual controller Zhang Jinhong. The company may encounter major illegal and forced delisting situations. Stock delisting risk warnings will be implemented in addition. If relevant circumstances are eventually encountered, the listing will be terminated, and no formal penalty decision has yet been received.