Qingshan Paper responds to stock volatility, cites normal operations

Fujian Qingshan Paper Industry Co., Ltd. announced its stock experienced abnormal fluctuations over three consecutive trading days: September 19, September 22, and September 23, 2025. During this period, the cumulative deviation of the closing price decline exceeded 20%, triggering an abnormal trading alert according to Shanghai Stock Exchange rules. The company emphasized that its current production and operations remain normal, with no significant changes in day-to-day business.

Following an internal review and inquiries with its controlling shareholder and actual controller, the company confirmed that, as of the announcement date, there is no undisclosed material information. This includes, but is not limited to, major asset restructurings, share issuances, debt restructurings, business reorganizations, or significant asset disposals. The company also has not found any media reports, market rumors, or hot topics that could significantly impact its stock price.

Furthermore, the company's controlling shareholder, actual controller, their concerted parties, and the company's directors, supervisors, and senior management have not engaged in any buying or selling of the company’s shares during this period of abnormal fluctuation. Fujian Qingshan Paper Industry advises investors to exercise rational judgment and be aware of secondary market trading risks, referring to official announcements published on the Shanghai Stock Exchange website and designated media for company information.