Three consecutive limit up: New East New Materials (603110.SH) has no business dealings with DepthQuest Company.

New East New Materials (603110.SH) announced that since January 24, 2025, the company's stock has increased by 37.9801%. The short-term increase in the company's stock price is significantly higher than the industry index and the Shanghai Composite Index during the same period. However, there have been no major changes in the company's fundamentals, and there is no significant information that should have been disclosed but was not disclosed. Recently, the company has noticed that some media have suggested a connection between the company and "DeepSeek concept stocks," generating attention in the capital market. DeepSeek is a large model under Hangzhou Deep Seek Artificial Intelligence Basic Technology Research Co., Ltd. In response to the concerns of the capital market, the company has verified that as of the date of the announcement, under the ecosystem of DeepSeek based on the MIT open source license, the company's wholly-owned subsidiary, Oriental Supercomputing (Shenzhen) Technology Co., Ltd., has launched the DeepSeek-R1-Distill model on the "AppMall" application store. The company has no business dealings with Hangzhou Deep Seek Artificial Intelligence Basic Technology Research Co., Ltd., and has not provided any services to them.