CITIC Heavy Industries addresses stock volatility following trading fluctuations

CITIC Heavy Industries Co., Ltd. has issued an announcement regarding abnormal fluctuations in its stock trading. The company's shares experienced a cumulative deviation of over 20% in their closing price over three consecutive trading days: October 17, October 20, and October 21, 2025. This activity falls under the abnormal stock trading circumstances defined by the Shanghai Stock Exchange Trading Rules.

Following an internal review and confirmation with its controlling shareholder and actual controller, CITIC Heavy Industries stated there is no undisclosed material information that should have been disclosed as of the announcement date. The company also confirmed that its production and operations are currently normal, with no significant changes in market conditions or industry policies. Furthermore, no media reports or market rumors influencing the stock price have been identified.

The company's board of directors confirms no undisclosed matters or related plans that could significantly impact the stock price. CITIC Heavy Industries reminds investors to refer to its designated information disclosure channels for official announcements and to exercise rational judgment due to the recent volatility.