Zhejiang Shibao addresses stock price fluctuations after 20% deviation

Zhejiang Shibao Co., Ltd. announced that its A-share stock experienced a cumulative deviation of over +20% in its closing price for two consecutive trading days on December 16 and December 17, 2025. In response to these abnormal fluctuations, the company's board of directors conducted a verification.

The company confirmed that all previously disclosed information remains accurate, and no recent public media reports have surfaced with significant undisclosed information that could impact its stock price. Furthermore, the company's operational status is normal, with no major changes in its internal or external operating environment.

Following an internal review, Zhejiang Shibao, its controlling shareholder, and actual controller found no undisclosed major matters, nor any matters in the planning stage. Additionally, the controlling shareholder and actual controller did not engage in any buying or selling of the company's shares during the period of abnormal stock trading. The company reiterated that it has no undisclosed information according to Shenzhen Stock Exchange listing rules.