Announcement on Abnormal Fluctuations in Stock Trading

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Shenzhen Zhaochi Co., Ltd. announces abnormal stock price fluctuations, with cumulative price deviation exceeding 20% over three trading days. The company has investigated and confirmed no undisclosed material information or significant changes in operations. While market interest in MicroLED is high, its application is in the sample testing phase and will not materially impact short-term earnings. The company reminds investors to invest rationally.

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Announcement on Abnormal Fluctuations in Stock Trading

Stock Code: 002429 Stock Abbreviation: Zhaochi Co., Ltd. Announcement No.: 2026-013

Shenzhen Zhaochi Co., Ltd. Announcement on Abnormal Fluctuations in Stock Trading

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

I. Introduction to Abnormal Fluctuations in Stock Trading

The stock of Shenzhen Zhaochi Co., Ltd. (hereinafter referred to as the "Company") (Stock Name: Zhaochi Co., Ltd.; Stock Code: 002429) experienced a cumulative closing price deviation exceeding 20% for three consecutive trading days on March 11, 2026, March 12, 2026, and March 13, 2026. In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Trading Rules," this constitutes an abnormal fluctuation in stock trading.

II. Company's Attention and Verification Statement

Regarding the abnormal fluctuations in the Company's stock trading, the Company has investigated the relevant matters as required by the relevant regulations and inquired with the controlling shareholder and actual controller. The verification results are hereby described as follows:

The information previously disclosed by the Company does not require any supplementary or corrective amendments.

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