Securities Code: 300069 Securities Abbreviation: Jinlihua Electric Announcement No.: 2026-028
Jinlihua Electric Power Co., Ltd.
Announcement on Abnormal Stock Trading Fluctuations
The Company and the Board of Directors of the Company guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
I. Specifics of Abnormal Stock Trading Fluctuations
Jinlihua Electric Power Co., Ltd. (hereinafter referred to as the "Company") experienced abnormal stock trading fluctuations, with the cumulative closing price increase exceeding 30% within three consecutive trading days (July 9, 2026, July 10, 2026, and July 13, 2026). In accordance with the relevant provisions of the "Shenzhen Stock Exchange Trading Rules," this constitutes an abnormal stock trading fluctuation.
II. Company's Verification and Inquiry
In response to the abnormal stock trading fluctuations, the Company's Board of Directors conducted verification with the controlling shareholder and actual controller through various means, including teleconferences and on-site inquiries, regarding relevant issues. The specific details are as follows:
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The information previously disclosed by the Company does not require correction or supplementation.
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On May 20, 2026, the Company disclosed the "Announcement on the Plan for Jinlihua Electric Power Co., Ltd. to Issue Shares and Pay Cash to Acquire Assets and Raise Supporting Funds and Related Party Transactions," among other announcements. The Company plans to acquire 82.5% of the equity of Xi'an Zhongke Xiguang Aerospace Technology Group Co., Ltd. held by 11 counterparties, including Dake Xunfei Enterprise Management Consulting Partnership (Limited Partnership), Beijing Zhi Ze Xing Chen Technology Development Center (Limited Partnership), and Longhua Tian Qi (Xi'an) Enterprise Consulting Partnership (Limited Partnership), by issuing shares and paying cash. Concurrently, the Company plans to issue shares to a related party, Shanxi Red Sun Tourism Development Co., Ltd., to raise supporting funds. As of the disclosure date of this announcement, the audit and valuation work for the target assets involved in this restructuring is not yet complete. The Company and relevant parties are actively advancing the work related to this restructuring.