Xintian Technology: Abnormal Stock Fluctuations, Uncertainty in Changes of Controlling Rights and Additional Share Issuance Matters

Xintian Technology announced that the stock price from August 3 to 6, 2026, had an accumulated price increase deviation of 100.90%, and from August 5 to 6, an accumulated deviation of 41.83%, which constitutes abnormal and severe fluctuations. The company is currently operating normally, and the controlling shareholder, Shi Weiping, did not buy or sell stocks during this period of fluctuation. The issuance of stocks to specific entities for the fiscal year 2025 has not been submitted for approval by the Shenzhen Stock Exchange. On July 31, 2026, shareholders including Shi Weiping plan to transfer 22.4999% of their shares to Shenzhen Yuanqi for a transfer price of 720 million yuan, which is still subject to compliance confirmation and transfer of ownership. The acquirer has promised no asset injection plans within 36 months. Furthermore, the company expects a net loss of 36.8 to 50.8 million yuan for the first half of 2026.