Announcement on Abnormal Fluctuations in Company Stock Trading

✨ AI Summary

This announcement addresses the abnormal stock trading fluctuations of *ST Weiling, which experienced a cumulative price deviation of over 20% in three trading days. The company has investigated and confirmed that the fluctuations are related to previous delisting risk warnings and other risk warnings due to negative net assets and internal control issues, as well as ongoing litigation and asset auctions. The company states no other material undisclosed information exists.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Weiling New Energy Co., Ltd.

Announcement on Abnormal Fluctuations in Company Stock Trading

Company Code: 002667 Company Abbreviation: *ST Weiling Announcement No.: 2026-071

The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.

I. Stock Trading Abnormal Fluctuation Situation

The stock of Weiling New Energy Co., Ltd. (hereinafter referred to as the "Company") (Stock Abbreviation: *ST Weiling, Stock Code: 002667) experienced a cumulative price deviation of over 20% in three consecutive trading days (August 6, 2026, August 7, 2026, and August 10, 2026). In accordance with the relevant regulations of the Shenzhen Stock Exchange, this constitutes an abnormal fluctuation in stock trading.

II. Company's Attention and Verification of Relevant Information

Regarding the abnormal fluctuations in the Company's stock trading, the Company has investigated the relevant matters and hereby explains the relevant situation as follows:

On April 30, 2026, the Company disclosed its "2025 Annual Report." The audited annual report data shows that the net assets attributable to the parent company as of the end of 2025 were negative. According to Article 9.3.1 (II) of the "Shenzhen Stock Exchange Stock Listing Rules," which states "(II) Net assets at the end of the most recent accounting year are negative," the Company's stock trading was subject to a delisting risk warning by the Shenzhen Stock Exchange. Concurrently, as the auditing firm Beijing Dehao International Certified Public Accountants (Special General Partnership) issued an "Internal Control Audit Report for 2025" for the Company, the internal control of the financial report received a negative opinion. In accordance with Article 9.8.1, Paragraph 1, Subparagraph (IV) of the "Shenzhen Stock Exchange Stock Listing Rules," the Shenzhen Stock Exchange imposed an additional risk warning on the Company's stock trading.

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.