Wald: The deviation value of the stock price increase for three consecutive days exceeds 30%, indicating the risk of a pullback.

The Walde announcement stated that the company's stock had deviated by more than 30% in the closing prices for three consecutive trading days on November 5-7, 2025, which was considered abnormal volatility. As of the date of the announcement, the company's daily operations were normal, and there were no undisclosed significant information that should have been disclosed. Apart from the inquiry and transfer of shares by controlling shareholders, actual controllers, Chairman, General Manager Chen Jifeng, and their concerted action person Chen Tao during the abnormal volatility period, no other factors affecting the stock price were found. As of November 7th, the company's closing price was 64.78 yuan/share, with a trailing P/E ratio of 103.94 times, significantly higher than the industry average, indicating that the stock price may experience a drawback.