Guizhou Network addresses stock fluctuations, confirms normal operations

Guizhou Broadcasting & TV Information Network (the "Company") announced that its stock experienced abnormal trading fluctuations on November 20 and 21, 2025, with a cumulative deviation of over 20% in closing prices over two consecutive trading days. In response to the Shanghai Stock Exchange's inquiry, the Company, its board, and its controlling shareholder confirmed that no undisclosed significant matters were being planned by either the Company or its actual controller.

The confirmed absence of major undisclosed events includes significant asset restructurings, share issuances, major transactions, business restructurings, share buybacks, equity incentives, or the introduction of strategic investors. Furthermore, neither the Company, its controlling shareholder, nor the actual controller engaged in buying or selling the Company’s stock during the period of abnormal trading.

The Company's operational status remains normal, with no material changes in market conditions, industry policies, or internal production and operation order. Its third-quarter report for 2025, disclosed on October 30, 2025, reported a net loss attributable to shareholders of -253,144,506.60 yuan and a non-recurring net loss of -273,614,529.71 yuan. Investors are advised to exercise caution and make rational investment decisions.