Zhenhai shares: The approval and approval time of the public transfer of shares by Shuntong Group is uncertain.

Zhennan Stock issued an abnormal announcement. The closing price of the company's stock has deviated by more than 20% for three consecutive trading days, which falls under the category of abnormal stock trading fluctuations according to the Shanghai Stock Exchange trading rules. The controlling shareholder, Shuntong Group, plans to transfer a portion of its holdings through public solicitation, with a transfer proportion of 15% of the total share capital. The specific plan for this public solicitation transfer is currently going through the internal approval process of the state-owned assets supervision and management department, and approval from the relevant authorities including the state-owned assets supervision and management department is still pending, with uncertainties regarding whether approval will be obtained and the timing of such approval.