*ST Zhuoran announced that the cumulative deviation value of the company's stock closing price drop reached 30% for 2 consecutive trading days, and the cumulative deviation value of the daily closing price drop reached 50% within 10 consecutive trading days. This is a situation where stock trading fluctuates abnormally and seriously abnormally fluctuates. The company has multiple delisting risks: it has closed for 17 consecutive trading days with a market value of less than 300 million yuan, which will hit mandatory delisting and will not enter the delisting period; the stock price has been below 1 yuan for 10 consecutive trading days, or the transaction delisting period; suspected illegal information disclosure violations may be subject to major illegal forced delisting; the 2025 financial report has been issued with an audit report where opinions cannot be expressed, and there is a risk of financial delisting. As of October 20, 2026, the total overdue debt of the company was 575 million yuan, and the external guarantee was 94.60 million yuan overdue; as of October 15, the bank account had frozen funds of 594.884 million yuan. After verification, there were no significant undisclosed matters that should be disclosed.

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