ST snowfall: The stock has continuously deviated more than 12% from its previous highs for 3 consecutive days, indicating multiple risks.

ST Xuefa announced that the company's stock price deviated from the closing price by more than 12% for three consecutive trading days from February 9 to 11, 2026, which was considered abnormal volatility. After verification, it was confirmed that there was no need to correct or supplement the company's previous information, no significant undisclosed information was found, the operation was normal, and the controlling shareholder did not have any undisclosed significant matters to disclose. The company is expected to incur a net loss of 174 to 245 million yuan in 2025, which does not need to be revised at this time. Additionally, the company's controlling shareholder has been involved in a case that has been adjudicated, but the judgment has not been received yet, and it is stated that it will not have a significant adverse impact on the company's daily operations.