ST Gao Hong: Has been consistently trading below 1 yuan for eighteen consecutive trading days, facing the risk of delisting.

ST Gao Hong Announcement: As of September 24, 2025, the closing price of shares of Datang Gao Hong Network Co., Ltd. has been consistently below 1 yuan for eighteen consecutive trading days. According to relevant provisions of the Shenzhen Stock Exchange Stock Listing Rules Article 9.2.1 and Article 9.1.15, for companies only issuing A shares on the Shenzhen Stock Exchange, if the closing price of shares continues to be below 1 yuan for twenty consecutive trading days through the Shenzhen Stock Exchange trading system, the Shenzhen Stock Exchange will terminate its stock trading. Stocks that are delisted due to triggering mandatory delisting conditions do not enter the delisting consolidation period. Investors are advised to be aware of investment risks.