There is abnormal fluctuation in the trading of Jiangsu Lopal Tech. Group (02465) stock. There is no significant undisclosed material information that should be disclosed.

Jiangsu Lopal Tech. Group (02465) announced that the closing price of the shares of Jiangsu Lopal Tech. Group Co., Ltd. (hereinafter referred to as the "Company") deviated by more than 20% for three consecutive trading days on April 22, 23, and 24, 2026, which constitutes abnormal fluctuations in stock trading according to the relevant rules of the Shanghai Stock Exchange. Regarding the abnormal stock trading situation, the Company has conducted an investigation into the matter and sent written inquiries to the controlling shareholder and actual controller. The verification is as follows: Upon self-examination, the Company's production and operation activities are currently normal, and the main business has not undergone any significant changes. The market environment and industry policies have not undergone major adjustments, the internal production and operation order of the Company is normal, and there are no major matters that should be disclosed but have not been disclosed that could impact the abnormal fluctuations in stock prices. From 2024 to 2025, the Company experienced consecutive losses in performance, and the debt-to-asset ratio has increased. The net cash flow generated from operating activities of the Company were 798 million yuan (after retroactive adjustments) and 394 million yuan, a year-on-year decrease of 50.63%; the debt-to-asset ratios were 74.94% (after retroactive adjustments) and 79.77%, a year-on-year increase of 4.83 percentage points.