Broad-Ocean Motor stock sees abnormal fluctuations

Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249) reported abnormal stock trading activity, with its shares exhibiting a cumulative deviation of over 20% in closing prices over three consecutive trading days: September 12, September 15, and September 16, 2025. The company stated that its production and operations are normal, and it found no undisclosed major matters, nor is it in the midst of planning any significant events. The controlling shareholder and actual controller also confirmed no undisclosed material information or ongoing planning.

The company conducted an internal review and consulted its controlling shareholder and actual controller, confirming that no previously disclosed information requires correction or supplementation. Furthermore, no recent public media reports were identified that might significantly impact the company's stock price. The controlling shareholder and actual controller did not engage in buying or selling the company's shares during the period of abnormal fluctuation.

Broad-Ocean Motor is also proceeding with a proposed issuance of H-shares and a listing on the Main Board of the Hong Kong Stock Exchange, as approved by the board on August 28, 2025. This move is subject to shareholder approval, China Securities Regulatory Commission filing, and Hong Kong Stock Exchange regulatory review, introducing an element of uncertainty regarding its final implementation. The company reminds investors that all official information will be published via its designated media outlets.