Announcement on Progress of Matters Regarding Company Stock Being Subject to Other Risk Warnings

ST Nandu Co., Ltd.·August 7, 2026·3 pages

✨ AI Summary

The company's stock was subject to other risk warnings due to an adverse internal control audit opinion and frozen bank accounts. The company is implementing rectification measures, including revising internal audit rules and strengthening financial management, to address these issues and seek the lifting of the risk warnings.

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Full Translation

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Securities Code: 300068

Securities Abbreviation: ST Nan Du

Announcement No.: 2026-073

Zhejiang Nan Du Power Co., Ltd.

Announcement on Progress of Matters Regarding Company Stock Being Subject to Other Risk Warnings

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Special Reminders:

Zhejiang Nan Du Power Co., Ltd. (hereinafter referred to as the "Company") received an audit report with a negative opinion on its internal control for the 2025 financial year. According to Article 9.4 (IV) of the Shenzhen Stock Exchange Stock Listing Rules, the Company's stock was subject to other risk warnings by the Shenzhen Stock Exchange starting from April 30, 2026. On May 6, 2026, due to the freezing of bank accounts of the Company and its subsidiaries, the Company's stock trading was additionally subject to "other risk warnings" according to Article 9.4 (II) of the Shenzhen Stock Exchange ChiNext Stock Listing Rules.
According to Article 9.9 of the Shenzhen Stock Exchange ChiNext Stock Listing Rules, the Company shall disclose relevant progress at least once a month.

I. Overview of the Implementation of Other Risk Warnings

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