Power Construction Corp addresses abnormal stock fluctuation

Power Construction Corp of China issued an announcement after its shares experienced a cumulative deviation of over 20% in closing prices on July 23 and July 24, triggering Shanghai Stock Exchange disclosure rules.

The company confirmed production and operations remain normal, with no undisclosed major events including asset restructurings, share issuances, or debt reorganizations.

Power Construction Corp noted market attention to the Yarlung Zangbo River downstream hydropower project, for which it is a participating unit, but said the project's future impact on performance remains uncertain due to its long construction period and early stage.