Jiangsu Changbao responds to unusual stock price surge

Jiangsu Changbao Steeltube Co., Ltd. reported abnormal trading activity in its shares from November 4 to November 6, 2025. During this period, the cumulative deviation of the closing price increase reached 20% over three consecutive trading days, triggering an announcement in accordance with Shenzhen Stock Exchange trading rules.

Following an internal investigation and inquiries with its controlling shareholder and actual controller, the company confirmed there are no undisclosed material matters or information requiring correction or supplementation to previously disclosed reports. Furthermore, the company has not found any recent public media reports that could significantly impact its stock price.

The company also stated that its production and operational status remains normal, with no significant changes in its internal or external operating environment. Neither the company nor its controlling shareholder and actual controller, including their concerted parties, engaged in any buying or selling of the company's shares during the period of abnormal fluctuation. Jiangsu Changbao Steeltube confirmed it is not in violation of fair information disclosure regulations.