ST Yuan Shang: Stock trading experiencing abnormal fluctuations, indicating multiple risks.

ST YuanShang announced that the company's stock has experienced abnormal volatility, with the closing prices deviating by more than 12% for three consecutive trading days from November 18 to 20, 2025. After self-inspection, the company and its subsidiaries are operating normally, there is no undisclosed significant information to be disclosed, and the directors, supervisors, controlling shareholders, and actual controllers did not engage in any trading of the company's stock during this period. The company warns of the risks, as its financial indicators have been negative and revenue has been below 300 million in 2024, leading to a risk of delisting warning; the net profit for the first three quarters of 2023-2025 has been in deficit. As of November 20, the stock price is 40.28 yuan/share, with a P/B ratio of 7.75 times higher than the industry average, indicating speculation and risks of a decline in stock price.