Medium-term construction: The risk of stock price downward adjustment and delisting after restructuring.

Zhong Zhuang Construction announced that the Shenzhen Intermediate People's Court ruled to approve the "Reorganization Plan," and the company has entered the execution stage. Based on the total share capital of 960,135,993 shares as of a certain time in 2025, with a bonus issue of 1 share for every 10.31 shares, a total of 989,864,007 shares will be issued, increasing the total share capital to 1,950,000,000 shares. Due to the differences between reorganization and regular bonus issuance, there is a downward risk of stock price after implementation. The company's stock has been delisted and is under other risk warnings. If the reorganization plan is not implemented or cannot be implemented, the company will face the risk of bankruptcy and delisting.