Wan Tong Development stock abnormal movement: Company's self-inspection shows normal production and operation.

In 2025, the closing price of Wantong Development's stock has deviated by 20% for two consecutive trading days, indicating abnormal fluctuations. The company's internal investigation shows that its production and operations are normal, and it is planning to acquire 62.9801% of the shares of Shudu Technology, a matter that still needs to be reviewed by the board of directors and is subject to uncertainties. The company has been recording negative net profits from 2022 to 2024, and it is expected to continue to incur losses in the first half of 2025. As of the announcement date, the controlling shareholder and its concerted action party have pledged 97.17% of their total holdings, with some shares frozen. A previous judicial auction of shares ended without any successful bids for 294,074,371 shares, and the subsequent disposal is uncertain. The company reminds investors to be aware of risks in the secondary market trading, production and operations, progress of major events, and the pledging and auctioning of shares by the controlling shareholder, and to make rational investments.