Securities Code: 002409
Securities Abbreviation: Yake Technology
Announcement No.: 2026-029
Jiangsu Yake Technology Co., Ltd.
Announcement on Abnormal Fluctuations in the Company's Stock Trading
Special Reminder: The Company and all its directors, supervisors, and senior management guarantee the authenticity, accuracy, and completeness of the disclosed information, and that there are no false records, misleading statements, or material omissions.
Special Reminder
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Jiangsu Yake Technology Co., Ltd. (hereinafter referred to as the "Company"), its stock (Securities Code: 002409, Securities Abbreviation: Yake Technology) has experienced a cumulative increase in closing price deviation exceeding 20% over three consecutive trading days (June 29, 2026, June 30, 2026, and July 1, 2026). In accordance with the relevant rules of the Shenzhen Stock Exchange, the Company's stock trading is considered an abnormal fluctuation. Investors are kindly requested to pay attention to investment risks.
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Recently, the Company's stock price has experienced significant fluctuations influenced by market sentiment, concept speculation, and other factors. Although major domestic and international wafer foundries have expansion plans for the coming year, the construction and release of production capacity require time. The Company's electronic materials business revenue will be determined by the production rhythm and demand of its downstream customers. In the short term, some market views may have over-interpreted or set excessively high expectations for the development of the Company's electronic business. Investors are urged to abandon speculative mindsets, rationally assess the Company's current development status, make prudent decisions, and pay attention to investment risks.
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Over the past five trading days, the Company's stock price has accumulated a cumulative increase of 36.43%, with a cumulative turnover rate of 65.21%, repeatedly triggering the standard for abnormal stock trading fluctuations. In the short term, the Company's stock price has risen rapidly with a high turnover rate, indicating overheated market sentiment and irrational speculation, with a risk of rapid decline in the future. Investors are kindly requested to make rational decisions and invest prudently.
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Currently, the Company's development directions are primarily electronic materials business and LNG insulation board business. Among these, the electronic materials business products mainly include semiconductor precursor materials, photoresists and supporting reagents, electronic powder materials, fluorine-containing specialty gases, and semiconductor material delivery systems (LDS), among others. As of now, the Company's operating conditions are stable, and there are no matters that have a significant impact on the Company's operating results and financial situation.