Jiaozuo Wanfang addresses stock volatility, cites control shift risk

Jiaozuo Wanfang Aluminum Manufacturing (SZSE:000612) has responded to recent abnormal stock trading activity, where share prices rose cumulatively by 20.39% over two trading days (March 17-18, 2025). The company has stated the fluctuations are related to ongoing plans to acquire KaiMan Aluminum (Sanmenxia) Co., Ltd. through share issuance, which could result in a shift of company control to Mr. Zhegang. The announcement noted the potential control change is pending shareholder approval at the upcoming extraordinary general meeting. Jiaozuo Wanfang cautions investors about uncertainties regarding regulatory approvals and the completion of the transaction.