Zhengping Co., Ltd.: Warning of stock trading risks and various delisting risks.

Zhengping Corporation announced that from September 1, 2025 to February 6, 2026, the cumulative increase in the company's stock price reached 127.51%, with dramatic fluctuations during the period. The company has warned of multiple risks: firstly, the risk of high volatility in the secondary market trading; secondly, the risk of delisting due to negative net assets, with the company's consolidated net assets amounting to 280 million yuan as of the end of the third quarter of 2025, which could lead to impairment of receivables; thirdly, the possibility of receiving a non-standard audit opinion; fourthly, facing delisting for non-compliance if the internal control audit remains non-standard in 2025; fifthly, uncertainty in the declaration of debt restructuring; sixthly, uncertainty in entering the restructuring program; seventhly, the possibility of fund misappropriation and unauthorized guarantees; eighthly, inadequate mineral mining capacity; ninthly, the possibility of freezing mining rights; tenthly, uncertainty in recruiting investors for restructuring.