Wanxiang Qianchao addresses stock volatility, approves governance revisions

Wanxiang Qianchao's stock experienced abnormal fluctuations, with its closing price deviating by a cumulative 21.39% over two consecutive trading days (September 17-18, 2025). The company reported normal production and operations, with no undisclosed major information or insider trading by its controlling shareholder during this period. Over the last 10 trading days, the stock's cumulative price increase was 52.99%, surpassing the 13.63% increase in the auto parts industry and the 7.90% rise in the Shenzhen Component Index. The company's rolling price-to-earnings ratio stood at 34.71, higher than the industry average of 31.23.

Concurrently, the company held its second extraordinary general meeting of shareholders on September 18, 2025. Shareholders approved revisions to the company's Articles of Association, the Rules of Procedure for Shareholder Meetings, the Rules of Procedure for Board Meetings, the Independent Director Work System, the Related Party Transaction Management System, the Management Measures for Raised Funds, and the Remuneration Management System for Directors and Senior Management. These resolutions received overwhelming support, with the majority passed by over two-thirds of the voting shares present.

The company emphasizes that all information is disclosed through official channels, urging investors to exercise caution and rational decision-making in light of market risks.