ST Lootom received a regulatory letter from the Shenzhen Stock Exchange

Lootom received a regulatory letter from the Shenzhen Stock Exchange. On September 8, 2025, the company held a supervisory board meeting, which approved the proposal to request the company's board of directors to convene an extraordinary shareholders' meeting and review the dismissal of directors Qiu Jingwei and Fu Xinyue. On September 18, 2025, the company held a board meeting, which approved the proposal to convene an extraordinary shareholders' meeting and review the aforementioned directors' dismissal. However, the company's board of directors failed to issue a notice to convene the shareholders' meeting within five days after making the board resolution, as required by the "Rules for Shareholders' Meetings of Listed Companies" and the company's "Articles of Association." The company's actions violated relevant regulations. The company's chairman, Qiu Jingwei, who also acted as the board secretary, failed to fulfill his duties and obligations of loyalty and diligence, and bears primary responsibility for the company's actions, violating relevant regulations