002290SZSE

Announcement on Abnormal Fluctuations in Stock Trading

✨ AI Summary

Suzhou Hesheng New Material Co., Ltd. announces abnormal stock price fluctuations, with a cumulative increase exceeding 20% over three trading days. The company clarifies its investment in Yizhi Electronics, stating it holds a minority stake and the investment is subject to shareholder approval, with profitability uncertain. The company confirms no undisclosed material information exists.

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Full Translation

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Securities Code: 002290 Securities Abbreviation: Hesheng New Material Announcement No.: 2026-035

Suzhou Hesheng New Material Co., Ltd. Announcement on Abnormal Fluctuations in Stock Trading

The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and assume joint and several liability for any false records, misleading statements, or significant omissions therein.

I. Specifics of Abnormal Stock Trading Fluctuations

The stock of Suzhou Hesheng New Material Co., Ltd. (hereinafter referred to as "the Company") (Securities Code: 002290, Securities Abbreviation: Hesheng New Material) has experienced a cumulative price increase deviation exceeding 20% over three consecutive trading days (April 23, 2026, April 24, 2026, and April 27, 2026). In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," the Company's stock trading is considered to be experiencing abnormal fluctuations.

II. Company's Investigation and Verification of Specifics

(I) Regarding the abnormal fluctuations in the Company's stock, the Company has conducted a self-inspection of relevant matters. The self-inspection results are as follows:

  1. There is no need for correction or supplementation of information previously disclosed by the Company.
  2. The Company's current production and operation activities are normal, and there have been no significant changes in the internal or external operating environment.
  3. The Company recently noted media reports stating, "Some institutions believe that Hesheng New Material's acquisition of Yizhi Electronics, a domestic core ARM-CPU manufacturer, will benefit from CPU price increases." The Company clarifies:

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