Henan Yicheng addresses share price volatility linked to strategic reorganization

Henan Yicheng New Energy Co., Ltd. (SZSE:300080) announced that its shares experienced abnormal fluctuations, with a cumulative deviation of over 30% in closing price changes on September 26 and September 29, 2025. This triggered a company self-inspection and verification with its controlling shareholders, actual controllers, directors, and senior management. The company confirmed no prior information requires correction or supplementation, nor has it identified any undisclosed major information in public media that could significantly impact its share price.

The company's operational and external business environment remains unchanged. The volatility follows the September 25, 2025, disclosure of a "Prompt Announcement on the Proposed Strategic Reorganization by the Controlling Shareholder." This reorganization involves the Henan Provincial Party Committee and Government's decision to strategically reorganize the company's controlling shareholder, China Pingmei Shenma Holding Group Co., Ltd., and Henan Energy Group Co., Ltd.

The company explicitly stated this reorganization would not affect its production and operations, and its actual controller, the Henan Provincial State-owned Assets Supervision and Administration Commission, will not change. Henan Yicheng, its controlling shareholder, and actual controller have no major undisclosed matters or matters in the planning stage. The company also confirmed no buying or selling of its shares by the controlling shareholder or actual controller during the abnormal fluctuation period.