Zhonglu Co., Ltd. (600818.SH)'s controlling shareholder has been ruled by the court to be accepted for bankruptcy liquidation.

Zhonglu Co., Ltd. (600818.SH) announced that on September 23, 2026, the company received a "Civil Ruling" issued by the Shanghai Pudong New Area People's Court (Case No.: (2026) Hu 0115 Po No. 205) forwarded by its controlling shareholder, Shanghai Zhonglu (Group) Co., Ltd. The Shanghai Pudong New Area People's Court ruled to accept the bankruptcy liquidation application filed by Shanghai Heddi Investment Center (Limited Partnership) (referred to as "Shanghai Heddi") against Zhonglu Group. As of September 23, 2026, of the RMB 12.48 million in funds occupied by the controlling shareholder, the company has recovered RMB 4.5 million, with RMB 7.98 million still outstanding; in addition, the actual controller's performance commitment to repurchase 10% equity in Luluyou has not yet been fulfilled. Given that the controlling shareholder has been ruled to be accepted for bankruptcy liquidation, there is significant uncertainty as to whether the remaining occupied funds can be fully recovered and whether the equity repurchase performance commitment can be honored. The company will take various measures, including filing creditor's claims and initiating litigation, to actively safeguard the legitimate rights and interests of the listed company.