This announcement explains the company's stock price fluctuations before disclosing information about its acquisition of Tianhao New Energy. The company's stock price fell by 15.35% in the 20 trading days before the announcement. After excluding market and industry factors, the stock price fell by 18.43% and 5.29% respectively, which is within normal fluctuations and does not constitute abnormal volatility.
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Board of Directors' Explanation on Company Stock Price Fluctuation Before Information Disclosure of the Transaction
Tianhao Energy Co., Ltd. (hereinafter referred to as the "Company") plans to issue shares and pay cash to acquire 100.00% of the equity of Tianhao New Energy Co., Ltd. (hereinafter referred to as the "Transaction").
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