According to CoinMeta, * ST Zhuoran announced that the company and its actual controller, Zhang Jinhong, have been placed under investigation by the China Securities Regulatory Commission (CSRC) due to alleged violations of information disclosure regulations. It has been preliminarily determined that some of the annual financial information disclosed by the company may contain false records, which could potentially lead to a mandatory delisting due to serious violations of the law. If the facts identified through the CSRC's administrative penalties later on correspond to the major violations stipulated in the listing rules, the company's shares will be subject to mandatory delisting for serious legal violations. As of the date of this announcement, the CSRC's investigation is still ongoing, and the company will actively cooperate with the investigation and fulfill its obligations regarding information disclosure.