Rui Ze in Hainan: The cumulative deviation of the stock price for two consecutive days has reached 20%, indicating the risk of the controlling shareholder's pledge.

Hainan Ruize announced that the company's stock had a deviation of 20% in the closing price over two consecutive trading days on December 22 and December 23, 2025, which was considered abnormal volatility. After self-inspection and verification with the controlling shareholders, Zhang Zhongfang, Zhang Hailin, and Zhang Yilin did not buy or sell the company's shares during the abnormal volatility period. As of the announcement date, the controlling shareholders and their concerted actions have a high proportion of pledged shares, with multiple pledges overdue and judicial freezes, facing the risk of liquidation or judicial auction, which may affect the stability of the company's controlling rights.