Hong Bao Li: The stock price deviation for two consecutive days has accumulated to 20%, and the project is preparing for trial production.

Hong Baoli announcement that the company's stock prices on January 20 and January 21, 2026, had a cumulative deviation of 20% for two consecutive trading days, which is considered abnormal volatility. After verification, there were no supplementary corrections to the previously disclosed information, no significant information affecting stock prices was found, there were no major changes in operations and the environment, major shareholders and actual controllers did not have any undisclosed matters that should have been disclosed, and there was no trading of stocks during the period of abnormal volatility. The comprehensive technical transformation project of epoxy propane has completed several procedures and entered the pre-production preparation phase. The company's 2025 annual report will be disclosed on April 23.