*ST started: abnormal fluctuations in stock trading highlight multiple risks*

STStart announcement, stating that the company's stock has experienced abnormal volatility, with the closing price deviation accumulating over 12% for three consecutive trading days from July 1st to July 3rd, 2026. After self-inspection, the company, controlling shareholders, and actual controller have all found no undisclosed major issues and operations are normal. Multiple risks have been highlighted, with the company's stock already subject to delisting risk warning. If the financial indicators for 2026 meet certain criteria, the company will be delisted. The company has reported losses in net profit from 2020 to 2025, with a post-deduction net loss of 32.46 million yuan in the first quarter of 2026. As of the end of 2025, there was a credit impairment risk with a balance of accounts receivable of 513 million yuan.