Announcement on the Progress of Matters Related to the Company's Stock Trading Being Subject to Other Risk Warnings
The Company and its board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed and assume individual and joint liability for any false representations, misleading statements, or material omissions.
Special Risk Reminder:
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The Company's net profit attributable to shareholders of the listed company in 2024 was negative. According to the company's 2022 and 2023 annual reports, the net profit attributable to shareholders of the listed company in both 2022 and 2023 was negative. The net profit after deducting non-recurring gains and losses was also negative. This means that the lower of net profit before and after deducting non-recurring gains and losses for the most recent three fiscal years was negative. Furthermore, the audit report for the most recent fiscal year indicated uncertainty about the company's ability to continue as a going concern. In accordance with Article 9.4 (VI) of the Shenzhen Stock Exchange Stock Listing Rules for the ChiNext Market, the company's stock trading has been subject to other risk warnings.
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The company's main bank accounts have been frozen, affecting the inflow and outflow of some funds. In accordance with Article 9.4 (II) of the Shenzhen Stock Exchange Stock Listing Rules for the ChiNext Market, the company's stock trading has been subject to other risk warnings.
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The company received a "Notice of Prior Administrative Penalty" issued by the China Securities Regulatory Commission (CSRC) and disclosed the "Announcement on Receiving the 'Notice of Prior Administrative Penalty' and Related Parties" on October 25, 2025 (Announcement No.: Lin-2025-139). According to Article 9.4 (VII) of the Shenzhen Stock Exchange Stock Listing Rules for the ChiNext Market (2025 Revision), "Based on the facts stated in the CSRC's Notice of Prior Administrative Penalty, the financial indicators disclosed in the company's annual report contain false records, but do not fall under the circumstances stipulated in Article 10.5.2, Paragraph 1. The aforementioned financial indicators include operating revenue, total profit, net profit, and assets or liabilities in the balance sheet." The company's stock trading has been subject to additional risk warnings.