The company has announced that its A-share stock, with security code 603083 and trading under the abbreviation CIG, recorded cumulative closing price deviations exceeding 20% over three consecutive trading days on June 22, June 23, and June 24, 2026.

In accordance with the relevant regulations of the Shanghai Stock Exchange, this constitutes an instance of abnormal stock trading volatility.

Following written inquiries and verification with the company's controlling shareholder, CIG Cayman, the actual controller Mr. Gerald G Wong, and their concert party Mr. Zhao Haibo, it has been confirmed that, as of now, there is no undisclosed material information concerning the company that should have been disclosed by the controlling shareholder, actual controller, or their concert parties.

Apart from being within the implementation period of a previously disclosed share reduction plan, there are no other sensitive matters that could significantly impact the company's stock price.

This includes, but is not limited to, major asset restructurings, share issuances, significant transaction-related matters, business reorganizations, share buybacks, equity incentive plans, bankruptcy restructuring, major business collaborations, or the introduction of strategic investors involving the company.

Based on the company's self-inspection and verification, aside from the controlling shareholder CIG Cayman and its concert party Shanghai Kangling Technology Partnership (Limited Partnership) reducing a portion of the company's shares during this period of abnormal volatility, which falls within the disclosed reduction plan period, other company directors and senior management did not trade the company's shares during this time.

Verification with management confirms that there have been no significant changes in the company's daily operations.

The market environment and industry policies in which the company operates have not undergone major adjustments, and there have been no substantial fluctuations in the production costs or sales of its various product lines, with internal production and operational activities proceeding normally.