ST Zhonglu announced that after the court ruled to accept the bankruptcy and liquidation application against the controlling shareholder Shanghai Zhonglu Co., Ltd., it has appointed Shanghai Fangda Law Firm as the manager of Zhonglu Group, and Zhang Wang as the manager. As of October 14, 2026, the controlling shareholder's 12.48 million yuan of capital occupied by the company has been recovered, and the remaining 7.98 million yuan has not been recovered; the actual controller's gambling promise to buy back 10% of the shares in the route has not been fulfilled. The company has submitted lawsuit materials on related matters, and is currently in the court filing and review stage. There is a risk that the company's actual control will change in this bankruptcy and liquidation matter, and if the company's internal control audit for the next year still issues a negative or unable to express an opinion, the stock will be subject to a delisting risk warning.

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