[Temporary Announcement] Zhengdao Technology: Announcement on the progress of applying for public issuance of stocks and listing on the Beijing Stock Exchange and suspension of trading
Announcement number: 2026-051
Securities code: 873981 Securities abbreviation: Zhengdao Technology Sponsoring broker: Kaiyuan Securities
Zhejiang Zhengdao Technology Co., Ltd.
Announcement on the progress of applying for public issuance of stocks and listing on the Beijing Stock Exchange and suspension of trading
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
Zhejiang Zhengdao Technology Co., Ltd. (hereinafter referred to as the "Company") plans to publicly issue shares and be listed on the Beijing Stock Exchange. On December 30, 2024, with the guidance of Kaiyuan Securities, the company has passed the guidance and acceptance of the Zhejiang Supervision Bureau of the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission").
1. Information about the company’s public issuance of shares and listing on the Beijing Stock Exchange
(1) Application accepted
On December 30, 2024, the company submitted application materials to the Beijing Stock Exchange for the public issuance and listing of shares to unspecified qualified investors.
On December 31, 2024, the company received the "Acceptance Notice" issued by the Beijing Stock Exchange
(GF2024120030), the Beijing Stock Exchange has officially accepted the company’s application for public issuance of shares to unspecified qualified investors and listing.
On December 31, 2024, the company's prospectus and other documents have been disclosed on the official website of the Beijing Stock Exchange. For details, please see the official website of the Beijing Stock Exchange: https://www.bse.cn/audit/project_news_detail.html?id=589.
The company's shares have been suspended from trading on December 31, 2024.
(2) Submit responses to review inquiries
On July 2, 2025, the "Response to the Review Inquiry Letter Regarding Zhejiang Zhengdao Technology Co., Ltd.'s Public Issuance of Stocks and Application Documents for Listing on the Beijing Stock Exchange" and other documents submitted by the company and intermediaries have been disclosed on the official website of the Beijing Stock Exchange. For details, please visit the official website of the Beijing Stock Exchange: https://www.bse.cn/audit/project_news_detail.html?id=589.
On September 19, 2025, the company and intermediary agencies submitted the "Response to the Second Round Review Inquiry Letter Regarding Zhejiang Zhengdao Technology Co., Ltd.'s Application Documents for the Public Issuance of Stocks and Listing on the Beijing Stock Exchange" and other documents have been posted on the official website of the Beijing Stock Exchange
Announcement number: 2026-051
Disclosure. For details, please visit the official website of the Beijing Stock Exchange: https://www.bse.cn/audit/project_news_detail.html?id=589.
On January 6, 2026, the "Response to the Third Round Review Inquiry Letter Regarding Zhejiang Zhengdao Technology Co., Ltd.'s Public Issuance of Stocks and Application Documents for Listing on the Beijing Stock Exchange" and other documents submitted by the company and intermediaries have been disclosed on the official website of the Beijing Stock Exchange. For details, please visit the official website of the Beijing Stock Exchange: https://www.bse.cn/audit/project_news_detail.html?id=589.
(3) Suspension of review
- First suspension
Because the validity period of the financial report is about to expire, the relevant financial information in the application documents for this public offering needs to be updated. According to the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" and "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Business Handling Guide No. 1 - Application and Review", the company submitted an application for suspension of review to the Beijing Stock Exchange on March 27, 2025. On March 31, 2025 The North Exchange of Japan approved the company's application for suspension of review, and the North Exchange adjusted the review status of the company's public issuance of shares to unspecified qualified investors and listing on the North Exchange to suspension of review.
- Second suspension
The latest audited financial statement of the company's prospectus is as of December 31, 2024. According to the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" announced by the Beijing Stock Exchange on April 30, 2024 (Beijing Securities Announcement [2024] 26 No.) Article 45 stipulates: "The financial statements quoted in the prospectus are valid for six months after the deadline of the latest period. Under special circumstances, the issuer may apply for an appropriate extension, and the extension shall not exceed three months. The financial statements shall be due at the end of the year, the end of the half-year, or the end of the quarter." The company's financial statements are valid until September 30, 2025.
In view that the validity period of the company's financial data is about to expire, in accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules", the company submitted an application for suspension of review to the Beijing Stock Exchange on September 25, 2025. On September 30, 2025, the Beijing Stock Exchange approved the company's application for suspension of review. The Beijing Stock Exchange adjusted the review status of the company's public issuance of stocks to unspecified qualified investors and listing on the Beijing Stock Exchange to suspended review.
- The third suspension
The latest audited financial statement of the company's prospectus is as of June 30, 2025. According to the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" (Beijing Securities Announcement [2024] No. 26) published by the Beijing Stock Exchange on April 30, 2024, Article 45 states: "The quotations cited in the prospectus
Announcement number: 2026-051
The financial statements used are valid six months after their most recent closing date. Under special circumstances, the issuer may apply for an appropriate extension, which may not exceed three months. Financial statements should be ended at the end of the year, half-year, or quarter." The company's financial statements are valid until March 31, 2026.
In view that the validity period of the company's financial data is about to expire, in accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules", the company submitted an application for suspension of review to the Beijing Stock Exchange on March 27, 2026. On March 31, 2026, the Beijing Stock Exchange approved the company's application for suspension of review. The Beijing Stock Exchange adjusted the review status of the company's public issuance of stocks to unspecified qualified investors and listing on the Beijing Stock Exchange to suspended review.
- The fourth suspension
The latest audited financial statement of the company's prospectus is as of December 31, 2025. According to the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" announced by the Beijing Stock Exchange on April 30, 2024 (Beijing Securities Announcement [2024] 26 No.) Article 45 stipulates: "The financial statements quoted in the prospectus are valid for six months after the closing date of the latest period. Under special circumstances, the issuer may apply for an appropriate extension, and the extension shall not exceed three months. The financial statements shall be ended at the end of the year, the end of the half-year, or the end of the quarter." The company's financial statements are valid until September 30, 2026.
In view that the validity period of the company's financial data is about to expire, in accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules", the company submitted an application for suspension of review to the Beijing Stock Exchange on September 21, 2026. On September 29, 2026, the Beijing Stock Exchange approved the company's application for suspension of review. The Beijing Stock Exchange adjusted the review status of the company's public issuance of stocks to unspecified qualified investors and listing on the Beijing Stock Exchange to suspended review.
(4) Resume review
- First resume review
In accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" and "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Business Handling Guidelines No. 1 - Application and Review", the company submitted an application to the Beijing Stock Exchange on June 23, 2025 for resumption of the Beijing Stock Exchange's listing review.
On June 24, 2025, the Beijing Stock Exchange has adjusted the review status of the company's public issuance of shares to unspecified qualified investors and listing on the Beijing Stock Exchange to resume review in the business system.
Announcement number: 2026-051
- Second resume review
In accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" and "Beijing Stock Exchange's Guidelines for the Public Issuance and Listing of Stocks to Unspecified Qualified Investors No. 1 - Application and Review", the company submitted an application to the Beijing Stock Exchange on December 3, 2025 for resumption of the Beijing Stock Exchange's listing review.
On December 8, 2025, the Beijing Stock Exchange has adjusted the review status of the company's public issuance of shares to unspecified qualified investors and listing on the Beijing Stock Exchange to resume review in the business system.
- Third resume review
In accordance with the relevant provisions of the "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Review Rules" and "Beijing Stock Exchange's Public Issuance of Stocks to Unspecified Qualified Investors and Listing Business Handling Guide No. 1 - Application and Review", the company submitted an application to the Beijing Stock Exchange on June 24, 2026 for resumption of the Beijing Stock Exchange's listing review.
On June 25, 2026, the Beijing Stock Exchange has adjusted the review status of the company's public issuance of shares to unspecified qualified investors and listing on the Beijing Stock Exchange to resume review in the business system.
(5) Approval
On August 21, 2026, the Beijing Stock Exchange issued the "Announcement on the Results of the 79th Review Meeting of the Beijing Stock Exchange Listing Committee in 2026". The review results: Zhejiang Zhengdao Technology Co., Ltd. meets the issuance conditions, listing conditions and information disclosure requirements. For details, please see the official website of the Beijing Stock Exchange:
https://www.bse.cn/audit/project_news_detail.html?id=589.
2. Risk warning
The company's public issuance of shares to unspecified qualified investors and its listing on the Beijing Stock Exchange still need to be reviewed by the Beijing Stock Exchange and registered with the China Securities Regulatory Commission and other relevant procedures. There is a risk that the company will not be able to pass the review by the Beijing Stock Exchange or be registered with the China Securities Regulatory Commission, and the company will be exposed to the risk of being unable to go public due to the failure of the public offering.
As the company's public issuance of shares to unspecified qualified investors and listing on the Beijing Stock Exchange are still in progress, the company's shares will continue to be suspended.
Announcement number: 2026-051
The company will strictly comply with the provisions and requirements of laws and regulations and timely perform its information disclosure obligations based on the progress of relevant matters. Investors are kindly requested to pay attention and pay attention to investment risks.
3. Document directory for reference
"Zhejiang Zhengdao Technology Co., Ltd.'s application for public issuance of shares and listing on the Beijing Stock Exchange is suspended from review"
Board of Directors of Zhejiang Zhengdao Technology Co., Ltd.
September 30, 2026