Guangdong Songyang sees abnormal stock fluctuations, no major news

Guangdong Songyang Recycle Resources Co., Ltd. announced that its stock experienced abnormal fluctuations, with a cumulative deviation of over 20% in closing prices over three consecutive trading days: October 16, 17, and 20, 2025. This situation falls under the abnormal stock trading rules of the Shanghai Stock Exchange.

Following internal checks and inquiries with its controlling shareholder and actual controller, the company stated that its current production and operations are normal, with no significant changes in its internal or external operating environment. As of the announcement date, no major undisclosed information affecting stock trading has been identified. This includes significant asset restructuring, share issuance, acquisitions, major transactions, business restructuring, share repurchases, equity incentives, bankruptcy reorganizations, significant business collaborations, or strategic investor introductions.

Furthermore, the company confirmed that its directors, supervisors, senior management, controlling shareholder, and actual controller did not buy or sell company shares during this period of abnormal fluctuation. Investors are reminded to exercise caution and make rational decisions due to the significant short-term volatility in the company's stock price.