ST Zhengping: Abnormal fluctuations in stock trading prompt multiple delisting risks.

ST Zhengping announced that from March 18th to 20th, 2026, the closing price of the company's stock deviated by more than 12% for three consecutive trading days, indicating abnormal fluctuations. The company's fundamentals have not changed, but the high stock price volatility poses significant trading risks. Additionally, the company faces major delisting risks such as negative net assets, non-standard audit opinions, and non-standard internal control audit reports for 2025. There is also uncertainty surrounding debt restructuring claims, recruiting restructuring investors, and the possibility of fund misappropriation and unauthorized guarantees. Furthermore, there is a risk of mining rights being frozen.