Shandong Rik Chemical Co., Ltd. Board of Directors
Explanation on the Fluctuation of the Company's Stock Price in the 20 Trading Days Before the First Announcement of This Transaction
Shandong Rik Chemical Co., Ltd. (hereinafter referred to as the "Company" or "Rik Chemical") intends to acquire 70.75% of the shares of Shandong Jiyuan New Material Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds (hereinafter referred to as the "Transaction").
Due to the planning of a major asset restructuring, upon application to the Shenzhen Stock Exchange, Rik Chemical A shares were suspended from trading starting from the opening of trading on June 29, 2026. The Company's board of directors hereby explains the fluctuation of Rik Chemical's stock price in the 20 trading days before the suspension, as well as the fluctuation of the overall market index and industry index during the same period: