Beijing Capital Development addresses stock volatility, confirms no major undisclosed news

Beijing Capital Development Company Limited (BCCD) stock experienced abnormal fluctuations between October 10 and October 14, 2025, with a cumulative deviation exceeding 20% over three trading days. Following an internal review and verification with its controlling shareholder, BCCD confirmed no undisclosed major matters or critical information. The company's production and operations remain normal, with no significant changes in its main business, and it continues to operate at a loss.

As of August 26, 2025, BCCD reported a total operating income of CNY 18,039,049,312.69 for the first half of the year, with a net loss attributable to shareholders of CNY -1,838,546,799.42. The company's board has advised investors to exercise caution due to market volatility.

BCCD addressed media reports concerning its subsidiary, Beijing Shoukai Yingxin Investment Management Co., Ltd., indirectly holding equity in Hangzhou YuShu Technology Co., Ltd. BCCD clarified that its indirect equity in YuShu Technology is approximately 0.3%, a very low percentage. The investment is purely financial with no controlling influence. The board reiterated that no matters requiring disclosure under exchange rules have been withheld.