Pingtan Development addresses abnormal stock trading fluctuations

Zhongfu Straits Pingtan Development Co., Ltd. has announced an abnormal fluctuation in its stock trading, with closing prices showing a cumulative deviation exceeding 20% over three consecutive trading days: October 23, 24, and 27, 2025. This falls under the definition of abnormal stock fluctuations as per Shenzhen Stock Exchange trading rules.

Following an internal review, the company confirmed that its operational situation and external environment have not undergone any significant changes. It also stated that there are no corrections or supplements needed for previously disclosed information, and no undisclosed material information that could affect stock prices has been reported by public media. Furthermore, neither the controlling shareholder nor the actual controller engaged in buying or selling the company's stock during the period of abnormal fluctuation.

The company's board of directors reiterated that there are no other undisclosed significant matters planned or underway. Zhongfu Straits Pingtan Development is scheduled to release its 2025 third-quarter report on October 31, 2025, and does not anticipate any related performance forecasts requiring disclosure. Investors are reminded to refer to information published on Securities Times and cninfo.com.cn for official disclosures.