Securities Code: 002931
Securities Abbreviation: Fenglong Shares
Announcement No.: 2026-065
Zhejiang Fenglong Electric Co., Ltd.
Announcement on Abnormal Stock Trading Fluctuations
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free of any false representations, misleading statements, or material omissions.
Special Reminder:
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Zhejiang Fenglong Electric Co., Ltd. (hereinafter referred to as "the Company," "this Company," or "the Listed Company") (Securities Abbreviation: Fenglong Shares, Securities Code: 002931) experienced abnormal stock trading fluctuations, with its closing price deviation exceeding 20% cumulatively over three consecutive trading days (July 2, 2026, July 3, 2026, and July 6, 2026), in accordance with the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange."
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Shenzhen Ubtech Robotics Corp., Ltd. (hereinafter referred to as "Ubtech") has pledged that within 36 months after the acquisition is completed, there are no plans to inject assets it holds into the listed company.
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As of now, the Company's main business remains the research, development, production, and sales of garden machinery components, automotive components, and hydraulic components. There have been no major changes, nor have there been any significant adjustments in the company's market environment or industry policies.
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On June 24, 2026, the Company disclosed the "Announcement on Estimated New Related Party Transactions for 2026." The Company and its subsidiaries plan to conduct daily related party transactions with Ubtech and its controlled companies in 2026. The estimated total transaction amount is no more than RMB 82.5 million. This matter still requires approval at the Company's third extraordinary general meeting of shareholders on July 9, 2026, to take effect. As of now, the Company has not generated operating income related to the aforementioned daily related party transactions, nor has it officially provided electromechanical component products. Some products are still in the sample and quotation stage, not involving complete machines or other products or services, and have not had a significant impact on the Company's operating performance. Investors are advised to be aware of the risks.