Shanghai Hugong: Abnormal Stock Trading Fluctuations, Investment Risk Warning

Shanghai Hugong announced that the company's stock price closed with a cumulative deviation of more than 20% over two consecutive trading days on October 28 and October 29, 2026, constituting an abnormal fluctuation in stock trading; on October 30, the company's stock hit the daily limit again, and from October 28 to 30, the share price rose 33.16% cumulatively, a relatively large short-term increase. No major changes have occurred in the company's daily operations, and its main business has not changed. The intelligent manufacturing segment accounts for approximately 95% of revenue. There is no major information that should be disclosed but has not been disclosed. Directors, supervisors, senior management, and the controlling shareholder did not buy or sell the company's shares during the period of abnormal fluctuation. Investors are advised to invest rationally and be mindful of risks.