*ST Zhengping announced that between September 1, 2025, and November 18, 2025, the company’s stock price rose by a cumulative 221.93%, with the stock hitting the daily price limit for 26 trading days; From December 3, 2025, to December 23, 2025, the stock hit the daily price limit down for 10 consecutive trading days, with a cumulative decline of 48.50%; From December 24, 2025, to December 31, 2025, the stock closed at the daily price limit for four consecutive trading days, with a cumulative increase of 28.25%. The company’s stock price has exhibited extreme volatility, which may indicate overheated market sentiment and irrational speculation. These irrational fluctuations have accumulated significant trading risks, and investors who participate blindly may face substantial losses. The Company cannot rule out the risk that, due to asset impairments or the discovery of accrued but unrecorded liabilities during the pre-reorganization creditor claim filing process, its audited net assets attributable to shareholders for the 2025 fiscal year may become negative, thereby resulting in delisting.