ST Zhengping: Stock price experiencing abnormal fluctuations.

ST Zhengping announced that the company's stock had a deviation value of more than 12% from the closing price for three consecutive trading days from December 3 to 5, 2025, which is considered abnormal volatility. The company's revenue was 1.362 billion yuan in 2024, with a net profit attributable to shareholders of -484 million yuan; the revenue for the first three quarters of 2025 was 652 million yuan, with a net profit attributable to shareholders of -99 million yuan. In addition, the company faces risks of delisting due to unresolved issues in the 2024 non-standard audit opinions, uncertain acceptance of pre-reorganization applications, pending verification of non-standard opinions in the third quarter report, capital occupation and illegal guarantees, inadequate mining capabilities, among others.