Zhuo Jin Co., Ltd. announced that Zhuo Weilong, the controlling shareholder, actual controller, chairman and general manager of the company, and Chen Fenglian, director and deputy general manager, received the “Decision to Withdraw Bail Awaiting Trial” issued by the Hangzhou Municipal Public Security Bureau on December 12, 2025. This matter is the same as the incident where the company was administratively punished by the Zhejiang Securities Regulatory Bureau for information disclosure violations in May 2023. The company stated that this illegal act of information disclosure did not involve illegal disclosure of significant information and forced delisting. Currently, the two executives are able to perform their duties normally, and the company is operating normally. The company will continue to monitor relevant developments and fulfill its information disclosure obligations in accordance with regulations.

Zhuo Jin Co., Ltd. announced that Zhuo Weilong, the controlling shareholder, actual controller, chairman and general manager of the company, and Chen Fenglian, director and deputy general manager, received the “Decision to Withdraw Bail Awaiting Trial” issued by the Hangzhou Municipal Public Security Bureau on December 12, 2025. This matter is the same as the incident where the company was administratively punished by the Zhejiang Securities Regulatory Bureau for information disclosure violations in May 2023. The company stated that this illegal act of information disclosure did not involve illegal disclosure of significant information and forced delisting. Currently, the two executives are able to perform their duties normally, and the company is operating normally. The company will continue to monitor relevant developments and fulfill its information disclosure obligations in accordance with regulations.