Wuxi Lontone Network Co., Ltd.
Announcement on the Progress of Matters Related to the Company's Stock Being Subject to Other Risk Warnings
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
Wuxi Lontone Network Co., Ltd. (hereinafter referred to as the "Company") was subjected to other risk warnings on its stock starting from February 1, 2023, due to non-operational fund occupation by the former controlling shareholder Lin Zhu and its related parties, in accordance with Rule 9.4 and Rule 9.5 of the Shenzhen Stock Exchange GEM Stock Listing Rules.
I. Reason for Implementing Other Risk Warnings