ST Zhaoran: Received a significant violation and mandatory delisting regulatory letter from the Shanghai Stock Exchange.

*ST Zhuoran announced that on August 5, 2026, the company received a regulatory work letter issued by the Shanghai Stock Exchange. The Shanghai Regulatory Bureau of the China Securities Regulatory Commission has preliminarily discovered that some of the annual financial information disclosed by the company is suspected of false records, which may involve major violations that could lead to compulsory delisting. The Shanghai Stock Exchange has required the company to maintain normal operations, cooperate with regulatory work, fulfill disclosure obligations, timely disclose relevant content, strengthen internal control rectification, and conduct self-inspection. The company's stock may be subject to compulsory delisting due to major violations, reminding investors to pay attention to the risks.