Pingming Technology: Stock trading is experiencing severe abnormal fluctuations, please be aware of investment risks.

Pingming Technology announced that the company's stock has experienced a significant abnormal fluctuation, with the closing price deviating by more than 200% from September 25 to November 12, 2025, for a consecutive 30 trading days. After self-inspection, it was found that apart from the disclosed share transfer agreements, there are no major undisclosed issues from the company, major shareholders, or controlling shareholders. The company's production and operation are currently normal. On September 24, the transferor plans to transfer 12.55 million shares to the transferee, accounting for 15.92% of the shares, which still requires approval. The transferee pledges not to seek control within 36 months and not to reduce holdings within 18 months, while the transferor pledges not to reduce holdings within 12 months. The company reminds investors to be cautious about stock price fluctuations.