Shandong Xinchao Energy stock experiences trading volatility

Shandong Xinchao Energy Corporation (SSE:600777) announced that its stock experienced abnormal trading fluctuations, with cumulative deviations exceeding 12% between April 2 and April 7, 2025. This fluctuation triggers a warning under the Shanghai Stock Exchange trading rules. The company acknowledges an ongoing tender offer from Zhejiang JinDi Oil Exploration & Development Co., potentially affecting the stock's stability. The company also highlights uncertainties regarding the completion of its 2024 audit due to a potential change of auditors, which may impact the timeliness of its financial reporting and the stock's listing status. Investors are advised to exercise caution.