According to the Jiaao Environmental Protection Notice, due to the receipt of the “Advance Notice of Administrative Penalties” from the Zhejiang Regulatory Bureau on December 9, 2025, the financial indicators disclosed by the company were falsely recorded, and other risk warnings will be imposed on stocks. Trading was suspended all day on December 10 and implemented on December 11. After implementation, the abbreviation for A-shares was changed to “ST Jiaao”. After implementing other risk alerts, stocks will be traded on risk warning boards, and the daily rise and fall rate is limited to 5%. The company will take measures to eliminate the adverse effects and seek the withdrawal of the warning after the conditions are met.

According to the Jiaao Environmental Protection Notice, due to the receipt of the “Advance Notice of Administrative Penalties” from the Zhejiang Regulatory Bureau on December 9, 2025, the financial indicators disclosed by the company were falsely recorded, and other risk warnings will be imposed on stocks. Trading was suspended all day on December 10 and implemented on December 11. After implementation, the abbreviation for A-shares was changed to “ST Jiaao”. After implementing other risk alerts, stocks will be traded on risk warning boards, and the daily rise and fall rate is limited to 5%. The company will take measures to eliminate the adverse effects and seek the withdrawal of the warning after the conditions are met.