digitalization of currency

On December 12th, *ST Zhuo Lang announced that the company's share price has risen sharply for eight consecutive trading days since December 3rd, 2024, and has touched two consecutive abnormal stock trading fluctuations. The company will check the stock trading situation, and the stock will be suspended from the market opening on December 13, 2024. It is estimated that the suspension time will not exceed 5 trading days.*ST Zhuo Lang also suggested that the company received the Notice of Administrative Punishment in advance from the China Securities Regulatory Commission on October 30, 2024, and it may be forced to withdraw from the market due to alleged illegal information disclosure. *ST Zhuo Lang will fully cooperate with the relevant work of the China Securities Regulatory Commission, and the final result will be subject to the formal punishment decision, reminding investors to pay attention to the trading risks in the secondary market.Since the delisting risk warning was implemented on November 1st, the stock of *ST Zhuo Lang has experienced a "word board" limit for 22 consecutive trading days. However, on December 3rd, when its share price fell below 1 yuan, there was a sudden influx of funds, which pushed the share price of *ST Zhuo Lang from the daily limit to the daily limit, and staged a trend of "earth and sky board". During the eight trading days from December 3rd to December 12th, *ST Zhuo Lang went through eight daily limit.

8 even the board "big bull stocks" * suspended for verification! ST Zhuo Lang: The company may touch a major illegal forced delisting.*ST Zhuo Lang also suggested that the company received the Notice of Administrative Punishment in advance from the China Securities Regulatory Commission on October 30, 2024, and it may be forced to withdraw from the market due to alleged illegal information disclosure. *ST Zhuo Lang will fully cooperate with the relevant work of the China Securities Regulatory Commission, and the final result will be subject to the formal punishment decision, reminding investors to pay attention to the trading risks in the secondary market.

Specifically, *ST Zhuo Lang inflated its operating income by 249 million yuan to 82.2545 million yuan in these five years, accounting for 13.22% to 72.46% of the publicly disclosed operating income in each period; At the same time, the total inflated profits also reached 249 million yuan to 82.2545 million yuan respectively, accounting for 33.81% to 86.08% of the absolute value of the total disclosed profits in each period.The survey results show that *ST Zhuo Lang falsely increased its income and profit by selling services of server, software and system integration through its subsidiary Tianjin Zhuolang Technology Development Co., Ltd., resulting in false records in its annual report from 2019 to 2023.On December 3rd, *ST Zhuo Lang announced again that the company's shares had been given a mandatory delisting risk warning for major violations since November 1st, 2024, and was investigated by China Securities Regulatory Commission.