Shunhao Corporation: Abnormal fluctuations in stock trading, uncertainties in investment projects.

Shunhao Group announced that the closing price of the company's stock on December 1-2, 2025, has deviated by more than 20% for two consecutive trading days, which is considered an abnormal fluctuation. Upon self-inspection, the company's previously disclosed information remains unchanged, its operations are normal, and there are no undisclosed significant events that should have been disclosed. The controlling shareholders did not trade the company's stock during the abnormal fluctuation period. In June 2025, the company invested 110 million yuan in Orbit Chen Guang, holding a 19.30% stake. However, there is currently no synergy between the company's existing business and Orbit Chen Guang, with risks including a long industrialization and commercialization landing period and potential failure to meet expectations, but the impact on the company's performance in 2025 is relatively small.