Putailai stock sees abnormal fluctuation, company reports stable operations

Shanghai Putailai New Energy Technology Co. Ltd. reported that its stock experienced abnormal fluctuations, with a cumulative deviation of over 20% in closing prices over three consecutive trading days (August 28, August 29, and September 1, 2025). This falls under the definition of abnormal stock trading as per Shanghai Stock Exchange trading rules. The company advises investors to be aware of secondary market trading risks.

Following an internal review and inquiries to its controlling shareholder and actual controller, the company confirmed that its production and operations are normal, with no significant changes in its asset structure or main business. No major changes in the internal or external operating environment have occurred or are anticipated. The company also confirmed the absence of any undisclosed major events or important information that should have been disclosed.

Furthermore, the company's directors, senior management, controlling shareholder, and actual controller have not engaged in any buying or selling of the company's shares during this period of abnormal fluctuation. The board also verified that there are no unannounced material matters or plans that could significantly impact the company's stock price.