Huagong Tech addresses stock volatility after 20% price swing

Huagong Tech (SZSE:000988) has confirmed that its stock experienced abnormal fluctuations, with the cumulative deviation from the closing price exceeding 20% over three consecutive trading days, specifically August 28, August 29, and September 1, 2025. Following an internal review, the company stated that all previously disclosed information remains accurate and complete, with no need for corrections or additions.

The company further reported no undisclosed major events that should have been reported, nor any recent public media reports likely to significantly impact the stock price. Huagong Tech confirmed its current operations are normal, with no changes in its internal or external operating environment. Neither the company, its controlling shareholder, nor the actual controller have any major undisclosed matters or are in the planning stages of any significant events.

During the period of abnormal stock fluctuations, the controlling shareholder, actual controller, and the company's directors, supervisors, and senior management did not engage in any buying or selling of the company's shares. Huagong Tech's half-yearly report for 2025 was disclosed on August 15, 2025, and investors are directed to this report for detailed operational and financial data.