CITIC Heavy Industries issues trading risk warning after stock volatility

CITIC Heavy Industries' shares have triggered an abnormal fluctuation warning after closing with a cumulative deviation of over 20% on October 17, 20, and 21, 2025. This marks the second such announcement, following a previous disclosure on October 22, 2025, when the stock closed at its daily limit again. The company highlights that the substantial short-term increase and significant volatility, even after accounting for broader market and sector factors, suggest a potential for irrational speculation.

The company urges investors to be mindful of secondary market trading risks, make rational decisions, and invest cautiously. CITIC Heavy Industries assures that its current production and operations remain normal, with no significant changes in market environment or industry policies, nor are any anticipated.

As of the announcement date, CITIC Heavy Industries has not identified any undisclosed material information. The company directs investors to the Shanghai Stock Exchange website (www.sse.com.cn) and specified newspapers for official disclosures.