*ST Zhuoran announced that due to a construction contract dispute with Jiangsu Huawei Construction Group Co., Ltd. and Sinochem Second Construction Group Co., Ltd., the company failed to fulfill its obligation to pay the effective judgment on schedule, and the Zhejiang Daishan County People's Court imposed judicial withholding of part of the company's basic bank account and general bank account funds, totaling 13.673,500 yuan. As of October 15, 2026, the total amount of frozen funds in the company's bank accounts was 594.884 million yuan, accounting for 2.60% of the audited net assets in 2025 and 38.12% of the audited monetary fund balance; as of September 22, 2026, the total amount of overdue debts of the company and its subsidiaries was 567 million yuan, accounting for 6.88% of the total audited assets in 2025. The company also has multiple financial, major illegal, and transactional delisting risks. Investors are kindly requested to pay attention to investment risks.

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