Megmeet shares volatile after three-day price surge

Shenzhen Megmeet Electrical Company Limited's stock exhibited abnormal fluctuations, with its closing price deviation accumulating over 20% across three consecutive trading days: August 25, 26, and 27, 2025. The company confirmed that its day-to-day operations remain normal and the external environment has not undergone major changes. As of the announcement date, no undisclosed significant matters or ongoing major plans involving the company, its controlling shareholder, actual controller, or their concert parties exist.

Furthermore, during the period of abnormal stock fluctuations, neither the company, its controlling shareholder, actual controller, nor their concert parties engaged in buying or selling the company's shares. Megmeet is scheduled to release its 2025 half-year report on August 30, 2025.

The company also noted that its current application for a targeted share issuance is still pending review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission, with the final outcome and timing uncertain. Megmeet reiterated its commitment to transparent information disclosure and urged investors to exercise caution due to the significant short-term price movements and market risks.