【Risk Warning】Announcement Regarding Abnormal Fluctuations in Certain Shanghai Stock Exchange Stocks and Funds and Investment Risk Reminder

Dear Investors:

“*ST Zhengping” (603843) has recently experienced a significant increase in stock price, reaching a level of serious abnormality. The company issued a risk warning announcement stating that its fundamentals have not changed significantly; however, as the audit progresses, the company’s net assets are expected to be significantly downgraded compared to previous disclosures, with the lower end of the estimated range turning negative. The company faces a major risk of delisting due to negative net assets; there is a substantial risk of issuing a non-standard audit opinion; the internal control audit report for 2024 is a negative opinion, and if a non-standard opinion is issued again in 2025, delisting risks will persist; the company’s debt restructuring claim is partially filed, and it may be difficult to resolve issues related to non-standard opinions through this claim; other risks include potential misuse of funds, illegal guarantees, insufficient mineral resource extraction capacity, and the risk of mining rights being frozen. There is also uncertainty regarding the current debt restructuring investor recruitment, including the risk of failing to recruit qualified investors or investors not signing investment agreements on time. Investors are advised to pay attention to these risks, make rational decisions, and invest cautiously.

“Tempu Co., Ltd. (Rights Protection)” (605255) has experienced a large increase in stock price. The company issued a risk warning stating that due to abnormal trading fluctuations and suspected major omissions in the announcement, the China Securities Regulatory Commission has decided to initiate an investigation; recently, the company received a regulatory warning from the Shanghai Stock Exchange. The wholly-owned subsidiary Tempu Xin Cai currently does not include artificial intelligence in its scope of business; to date, neither the company nor Tempu Xin Cai has AI-related technology or personnel reserves, nor plans to develop AI-related business. The company has not signed any framework cooperation agreement with shareholder Zhonghao Xinying; Zhonghao Xinying’s existing capital securitization path is unrelated to the listed company, and it has initiated independent work for an initial public offering (IPO). The company’s main business has not changed significantly; however, the stock price has risen sharply and now deviates seriously from the company’s fundamentals. Investors are advised to invest rationally, be aware of trading risks.

“Oil & Gas ETF” (513350) and “Southern Crude Oil” (501018) funds are trading at prices significantly above their net asset values, showing large premiums. Fund managers have issued multiple notices warning investors to pay attention to the risks of trading premiums in the secondary market.

The Shanghai Stock Exchange will further tighten its scrutiny and impose stricter self-regulatory measures on abnormal trading behaviors of the above stocks and funds. Investors are advised to pay attention to relevant company announcements, invest rationally, and be cautious of investment risks. Trade prudently and avoid speculative hype.

Please also promptly review relevant announcements issued by listed companies and securities firms, closely monitor investment risks, and consciously comply with relevant laws, regulations, and trading rules to ensure legal and compliant trading.

If you have any questions, please contact 024-95346 or your local brokerage.

Wishing you successful investing!

Zhongtian Securities Co., Ltd.

Investing involves risks; please trade cautiously.