*ST Huaring stock price fluctuation: If operating revenue is less than 300 million yuan and net profit is negative, the company will face financial delisting.

On April 3, ST Huarong (600421.SH) issued an announcement regarding abnormal stock trading price fluctuations. Within three consecutive trading days from April 1, 2026, April 2, 2026, and April 3, 2026, the company’s stock closing prices recorded a cumulative deviation of 12% or more in the intraday decline. According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, this situation falls under abnormal stock trading price fluctuations.

After conducting a self-inspection, the company states that its current business activities are normal, its internal production and operations are orderly, and there is no material information that could affect the abnormal fluctuations in the company’s stock trading price that has not been disclosed. Second, after conducting a self-inspection and sending verification letters to the company’s controlling shareholder and its persons acting in concert, as well as the actual controller, as of the date of this announcement, the company, its controlling shareholder Zhejiang Hengshun Investment Co., Ltd., its persons acting in concert Shanghai Tianji Investment Co., Ltd., and the actual controller Mr. Lou Yongliang, have no material information that, as prescribed in the Shanghai Stock Exchange Stock Listing Rules, involves the company and should have been disclosed but has not been disclosed, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping, asset injection, share repurchases, equity incentives, bankruptcy reorganization, major business cooperation, and introduction of strategic investors; nor do they have any situation involving the buying or selling of the company’s shares. In addition, after verifying, the company has found no media reports or market rumors that could potentially have a material impact on the company’s stock trading price, and it is also not involved in any market hot-spot concept. Meanwhile, the company has found no major events that could have a relatively large impact on the company’s share price. During the period of the abnormal fluctuations in the company’s stock trading, the company’s directors, supervisors, senior management, controlling shareholder, its persons acting in concert, and the actual controller have not engaged in any buying or selling of the company’s shares.

The company hereby specifically reminds investors to pay attention to the related risks. On the one hand, the company faces performance risks. The financial data related to the 2025 Annual Performance Forecast disclosed by the company on January 29, 2026 are only preliminary estimates by the company and have not been audited. If the final 2025 annual report shows that the company’s operating revenue is below 3 billion yuan and its net profit is negative, the company will be subject to delisting under financial-related circumstances. On the other hand, the company’s stock closing prices recorded a cumulative deviation of 12% or more in the intraday decline within three consecutive trading days from April 1, 2026, April 2, 2026, and April 3, 2026; the company’s share price has relatively large short-term fluctuation, and there are trading risks in the secondary market.