Securities Code: 002297 Securities Abbreviation: Boyun New Material Number: 2026-036 Hunan Boyun New Material Co., Ltd. Announcement on Clarification of Market Rumors and Risk Warning The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions. Special Reminder:
- The main business of Hunan Boyun New Material Co., Ltd. (hereinafter referred to as "the Company") has not changed. However, the Company's stock (Securities Abbreviation: Boyun New Material; Securities Code: 002297) has accumulated a cumulative increase of over 150% from the "2026 First Quarter Performance Pre-increase Announcement" disclosed on April 10, 2026, to the closing on June 22, 2026. The Company's stock price has risen significantly in a short period, repeatedly triggering abnormal trading volume fluctuations. The Company has issued multiple announcements on abnormal trading volume fluctuations and has repeatedly warned of the high risk of speculation in the Company's stock and the risk of a rapid decline in stock price in the short term. We sincerely urge all investors to fully understand the risks of secondary market trading, enhance their risk awareness, and invest rationally.
- As of June 18, 2026, the trailing P/E ratio of the metal products industry (C33) as classified by the China Association of Listed Companies is 51.69, while the Company's trailing P/E ratio is 84.14 (data from the Wind Information official website). The Company's trailing P/E ratio is higher than the industry average. The Company's stock price has risen rapidly and deviated significantly from the broader market index, indicating irrational speculation, and there is a risk of a rapid decline in the future. We sincerely urge all investors to make rational decisions, invest prudently, and pay attention to investment risks.
- Upon self-inspection, the Company notes that there is high market attention regarding the Company's hard alloy rod products. Some investors have posted on media platforms stating: "After the full production of Boyun Lugu Base, the total production capacity of PCB-specific nano-tungsten rods will reach 1800 tons/year..." "The production capacity of the Company's holding subsidiary Boyun Oriental is being expanded from 400 tons/year to 2400 tons/year, an expansion of 5 times..." "China Tungsten High-Tech's high-en