Wujin Stainless Steel addresses abnormal stock trading fluctuations

Jiangsu Wujin Stainless Steel Pipe Group recently addressed an inquiry regarding abnormal stock trading fluctuations after its shares experienced a cumulative deviation of over 20% in closing prices over three consecutive trading days: September 9, 10, and 11, 2025. The company’s controlling shareholder and actual controller, Zhu Guoliang, Gu Jianqin, Zhu Qi, and Shen Weiqiang, confirmed they received the inquiry letter dated September 11, 2025.

In their reply, the controlling shareholder and actual controller stated that as of the current date, there are no significant undisclosed matters affecting the company’s stock price. They also confirmed no other unreleased major information such as mergers, acquisitions, share issuance, debt restructuring, business restructuring, asset stripping, or asset injection. The company and its controlling shareholder also confirmed that current production and operations are normal, with no significant changes in market environment, industry policies, production costs, or sales.

Both the company and its controlling shareholder pledged to continue adhering to the Shanghai Stock Exchange Listing Rules and other relevant regulations, fulfilling their information disclosure obligations. Investors are advised to be aware of secondary market trading risks and make prudent, rational investment decisions based on official announcements published on the Shanghai Stock Exchange website and designated media.