Ningxia Zhongyin Rongye Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Explanation of the Appointment of the Sponsor Broker
The Company's stock price has been below 1 yuan for twenty consecutive trading days from May 24 to June 21, 2024, triggering the delisting conditions as per Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules (2024 Revision). On August 2, 2024, the Company received a decision from the Shenzhen Stock Exchange regarding the termination of its stock listing (Shenzhen Stock Exchange [2024] No. 628). Consequently, the Company's stock will be transferred to the delisting segment managed by the National Equities Exchange and Quotations Co., Ltd.