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

ST Zhengping announced that the company's stock had deviated by over 12% in three consecutive trading days on April 3, 7, and 8, 2026, which was considered abnormal volatility. The company faces various risks, including negative net assets due to audit adjustments, issuance of non-standard audit opinions, non-standard internal control audit opinions in 2025, and risks of delisting. There may also be issues such as misappropriation of funds, illegal guarantees, incomplete declaration of debt restructuring, insufficient mining capacity, freezing of mining rights, and uncertainty in recruiting reorganization investors.