Shanghai Guizhou Liquor: Stock price experiencing abnormal fluctuations, with revenue for the first three quarters totaling 34.7621 million yuan.

Shanghai Guijiu announced that as of the closing on December 12, 2025, the company's stock had a cumulative deviation value of 12% in the daily closing price over three consecutive trading days, indicating abnormal fluctuations. The company's stock has been subject to delisting risk warning since April 23. In the first three quarters of 2025, the company's revenue was 34.7621 million yuan, with a net loss of 112 million yuan. If the relevant financial indicators for 2025 are not met or if an adverse opinion is issued in the report, the stock will be delisted. The controlling shareholder and its concerted actors have had all 217 million shares frozen by judicial order, accounting for 64.80% of the total share capital. The actual controller, Han Xiao, has been subject to criminal enforcement measures. At present, the controlling shareholder has no significant undisclosed information that needs to be disclosed.