ST Longyuan: Abnormal Stock Trading Fluctuations, No Major Matters Requiring Disclosure That Have Not Been Disclosed

ST Longyuan announced that the company's stock closing prices rose by a cumulative deviation of more than 20% over three consecutive trading days on September 10, September 11, and September 14, 2026, constituting an abnormal fluctuation in stock trading. Following a self-examination and inquiries to the controlling shareholder and actual controller Lai Zhenyuan's family, as of the disclosure date of the announcement, there are no major matters that should be disclosed but have not been disclosed, and during the period of abnormal fluctuation, none of the directors, supervisors, senior management, the controlling shareholder, or the actual controller traded the company's shares. The company recorded a net loss of 2.586 billion yuan for the 2025 fiscal year and a net loss of 805 million yuan for January-June 2026; it faces risks including partial debt defaults, litigation, and a high proportion of pledged and frozen shares held by the controlling shareholder, and the court has decided to place the company into pre-reorganization. Whether it will enter reorganization proceedings remains uncertain. If the court rules to accept the reorganization application, the company's stock will be subject to delisting risk warning.