Zhonghe Technology: Currently, the company's low Earth orbit satellite business is still in the research and development stage and has not generated revenue.

Zhonghe Technology announced that the company’s stock price has experienced a cumulative deviation of 22.70% in the closing prices over three consecutive trading days from April 22 to 24, indicating abnormal stock trading fluctuations. The company clarified that the recently market-focused “Low Earth Orbit Satellite” business is still in the cultivation or research and development stage, has not generated revenue or has minimal revenue, accounting for less than 1% of total revenue; the “Synthetic Biology” sector also accounts for less than 1%; the involved “Optical Chip” concept related stake in the company Kunteng Infrared, whose joint venture subsidiary has just been established, has not yet generated orders or revenue, and future development is uncertain. The above businesses will not have a significant impact on the company’s performance in the short term. Additionally, the company expects a net profit of -40 million to -60 million yuan in 2025, indicating a loss. After verification, the company has no major undisclosed matters that should be disclosed, and during the abnormal trading period, the first major shareholder and senior executives did not buy or sell the company’s stock.