Hainan Drinda New Energy Technology Co., Ltd. (Drinda) reported a cumulative 20% rise in its A-share closing price across 7–11 May 2026, prompting an “unusual price movement” inquiry by the Shenzhen Stock Exchange.

The board confirmed:

• Operations remain “normal,” with no significant shift in internal or external conditions and no need to amend prior disclosures.

• Controlling shareholders and actual controllers recorded no share dealings during the period and have no pending material plans.

• Information disclosure procedures were upheld without infringement of fair-disclosure rules.

Key risk reminders highlighted in the announcement include:

1. New energy ventures are at an exploratory stage, currently contributing “insignificantly” to revenue and profit; their future profitability and stability are highly uncertain.

2. For 2025, Drinda posted a net loss attributable to shareholders of RMB1.42 billion, while the loss after deducting non-recurring items widened to RMB1.64 billion.

The company reiterated that official disclosures are confined to designated outlets—Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and CNINFO—and pledged timely updates in line with regulatory requirements.

Supporting documentation includes responses from controlling shareholders and actual controllers concerning the price movement inquiry.