The Shanghai Stock Exchange announced that the annual reports of *ST Zhuolang from 2019 to 2023 contain false records, with inflated revenue of 0.249 billion yuan, 0.489 billion yuan, 0.339 billion yuan, 0.656 billion yuan, and 82.2545 million yuan, accounting for 21.05%, 45.19%, 41.60%, 72.46%, and 13.22% of the disclosed revenue for each period; inflated total profits of 0.249 billion yuan, 0.31 billion yuan, 0.339 billion yuan, 0.357 billion yuan, and 82.2545 million yuan, accounting for 33.81%, 7.68%, 41.26%, 86.08%, and 50.27% of the disclosed total profit absolute values for each period. At the same time, the company failed to disclose external guarantees as required, leading to significant omissions in the annual reports for 2019 to 2020. According to relevant regulations, the company has triggered circumstances for mandatory delisting due to major illegal activities, and will be subject to compulsory delisting. The Shanghai Stock Exchange publicly condemned *ST Zhuolang and will report to the China Securities Regulatory Commission and the Tianjin Local Financial Supervision Administration.