Hushun Oil: Abnormal fluctuations in stock price indicate uncertainty in acquisition and transfer risks.

Heshun Oil announced that the company's stock has experienced abnormal fluctuations as the closing price has deviated by more than 20% from the previous two trading days in 2025, followed by a limit-up. The company's daily operations are normal and there is no undisclosed material information. The company previously disclosed its intention to acquire at least 34% equity of Kuiqin Technology for no less than 5.4 billion yuan in cash, and to control 51% of its voting rights. The actual controller and the concerted action parties have agreed to transfer a portion of the company's shares. There is uncertainty whether the aforementioned transactions will be completed, and the company advises investors to pay attention to the risks.