Gafu China: The turnover rate of stocks is also experiencing significant fluctuations, and the effect of passing the buck is apparent.

Hefu China Announcement: The company's stock price has continuously risen in the short term, possibly due to overheated market sentiment and irrational speculation risks. It has clearly exceeded the growth rate of the industry and the Shanghai Composite Index, and significantly deviated from the company's fundamentals, with the risk of rapid decline at any time. The company's main business has not undergone major changes and is currently in a loss-making state. The current stock price increase is significantly deviating from the company's operating conditions. The company's latest price-earnings ratio is significantly higher than the average level of listed companies in the same industry, indicating the presence of clear bubble characteristics in the current stock price. During this period of continuous stock price increases, the company's stock turnover rate has also experienced significant fluctuations, with evident "hot potato" effects. We urge investors to pay attention to distinguishing and making rational judgments.