Eastsoft Communication stock experiences unusual trading volatility

Qingdao Eastsoft Communication Technology (SZSE: 300183) has issued an announcement regarding unusual stock trading fluctuations after its share price triggered exchange-monitored thresholds, rising significantly on March 4th and 5th, 2025. The company confirmed that current production and operations remain normal, and the external and internal operating environments have not undergone significant changes. Eastsoft Communication acknowledged increased market attention to "RISC-V architecture chip concepts," noting its subsidiary has been developing RISC-V-based chips since 2019 and that they contribute only a minimal portion to total revenue with applications in smart grids, appliances, industrial control and storage. The company states there are no undisclosed material matters, and neither the company, controlling shareholders, nor actual controllers have engaged in stock trading during the period of volatility. The 2024 annual report is scheduled for release on March 31, 2025.