Zongshen Power: Stock trading experiences abnormal fluctuations, major asset replacement matter still not certain.

Zongshen Power announced that the company's stock had a cumulative deviation value exceeding 20% from the closing price on June 8th and June 9th, 2026, two consecutive trading days, which was considered abnormal volatility. After verification, the company's disclosed information had no corrections or supplements, and no undisclosed significant information was found in public media reports. The operating situation and environment remained unchanged. The company plans to conduct an asset exchange with Loncin General, which is expected to constitute a major asset restructuring and related party transaction, as already disclosed. Apart from the disclosed matters, there are no other significant matters that need to be disclosed. During the abnormal volatility period, the controlling shareholder and actual controller did not buy or sell stocks. The asset exchange is still in the planning stage with uncertainties.