Country Investment Zhonglu: There has been no significant change in the company's production and operation situation. There is a considerable risk of fluctuation in stock trading.

The announcement of CITIC Trust in Shandong stated that the company's stock has hit the daily limit for five consecutive trading days, with a cumulative increase of 61.13%, significantly higher than the Shanghai Stock Index during the same period, indicating significant fluctuations and risks. The company's main business, production and operation status, and operating environment have not undergone significant changes compared to the previously disclosed information, and there are no major undisclosed issues that should be disclosed. In addition, the major asset restructuring that the company is planning, including the audit, evaluation, due diligence, and other work on the targeted assets, has not been completed, and there is uncertainty as to whether it can successfully pass relevant approvals and be implemented.