GIGADEVICE (03986) has released a statement addressing the abnormal movement of its stock price on the Shanghai Stock Exchange.

The company disclosed that its share price experienced a cumulative decline of over 20% in closing price deviation during the three consecutive trading days of July 27, 28, and 29, 2026. This situation meets the criteria for abnormal stock trading fluctuations as defined by the Shanghai Stock Exchange's trading rules.

Following an internal review and written inquiries to the company's controlling shareholder and actual controller, GIGADEVICE has confirmed that, as of the date of this announcement, there are no significant matters that would affect the abnormal stock trading fluctuation. Furthermore, there are no other major undisclosed events that should have been reported.

The company's current production and operations are normal, with no significant changes occurring. GIGADEVICE advises all investors to be aware of potential investment risks, to make cautious decisions, and to invest rationally.