Group 1 - The Shanghai Stock Exchange publicly reprimanded *ST Xinchao (SH 600777) and its responsible individuals for failing to disclose the 2024 annual report and the 2025 Q1 report within the statutory deadline, violating multiple regulations including the Securities Law and Stock Listing Rules [1] - The disciplinary action was approved by the Exchange's Disciplinary Committee, resulting in a public reprimand for the then Chairman and General Manager Liu Bin, and the then Director and CFO Bing Zhou [1] Group 2 - For the first half of 2025, *ST Xinchao's revenue was entirely derived from oil exploration and development, accounting for 100% of its income [2] - As of the report date, *ST Xinchao had a market capitalization of 28.3 billion yuan [3]

Group 1 - *ST Xinchao (SH 600777) announced on August 28 that employee director Liu Bin submitted his resignation due to personal reasons, effective immediately upon delivery to the board [1] - For the year 2024, *ST Xinchao's revenue composition is 100% from oil exploration and development [1] - As of the report date, *ST Xinchao has a market capitalization of 28.7 billion yuan [1]

Core Viewpoint - *ST Xinchao announced the convening of a board meeting on July 29, 2025, to discuss the appointment of a new financial director and other related documents [2]. Group 1: Company Information - The company reported that its operating revenue for the year 2024 will be entirely derived from oil exploration and development, with a 100% contribution from this segment [2].