Pingtan Development addresses abnormal stock fluctuations after 20% price move

Zhongfu Straits Pingtan Development Co., Ltd. has announced abnormal fluctuations in its stock trading, with its closing price deviation accumulating to over 20% across two consecutive trading days on October 17 and October 20, 2025. This situation falls under the abnormal fluctuation criteria as per Shenzhen Stock Exchange trading rules.

The company clarified there have been no significant changes in its operations or the external business environment. Additionally, no previously disclosed information requires correction or supplementation, and no undisclosed material information likely to impact the stock price has been reported in public media. The company's controlling shareholder and actual controller have not engaged in buying or selling company shares during this period.

The board of directors confirmed no other discloseable matters under Shenzhen Stock Exchange listing rules are pending or being planned. Zhongfu Straits Pingtan Development reminds investors that official information is solely published on Securities Times and cninfo.com.cn. The company expects to release its Q3 2025 report on October 31, 2025, and encourages rational investment decisions due to associated risks.