Beijing Capital Development issues risk warning amid stock volatility, board changes

Beijing Capital Development has issued a risk warning after its stock experienced severe abnormal fluctuations between September 3 and September 17, 2025, with cumulative deviation from closing prices reaching 100%. The company noted increased trading volume, high turnover rates, and significant growth in shareholder numbers, along with some institutional shareholder divestments, leading to a potential downside risk. Despite normal operations, the company remains in a loss-making state, reporting a net loss of -1,838,546,799.42 yuan for the first half of 2025.

The company clarified its indirect stake in Hangzhou Yushu Technology, held via its subsidiary Yingxin Company's investment in a fund. Yingxin Company's investment in the fund amounts to 180 million yuan, representing a minimal indirect equity stake of approximately 0.3% in Yushu Technology. This is considered a financial investment without control or influence over the fund's decisions.

Separately, on September 16, 2025, directors Ruan Qingge and Zhang Guohong resigned due to work adjustments. Zhang Guohong was subsequently re-elected as an employee representative director on September 17, 2025, ensuring the board's compliance with regulatory requirements.