Xingye Corporation (603928.SH): During the period of abnormal fluctuations in the stock, the controlling shareholder's acting in concert, Wang Wenhao, has a situation of reducing the company's shares.

News from the Zhitong Finance and Economics APP, Industrial Stock (603928.SH) announced that as of the trading close of the Shanghai Stock Exchange on June 29, 2026, the closing prices of the company's stock on June 26 and June 29 had a cumulative deviation of 20%. According to the "Stock Trading Rules of the Shanghai Stock Exchange", this constitutes abnormal stock trading volatility. During this period of abnormal stock trading, Mr. Wang Wenhao, the controlling shareholder and actual controller of the company, as a concerted action person, was found to have reduced his holdings in the company's stock. This reduction is consistent with the previously disclosed reduction plan and does not constitute illegal reduction.