Songfa Co., Ltd.: The stock price deviation from the previous 3 days has exceeded 12%, indicating investment risk.

Songfa Corporation announced that the closing price of the company's stock deviated from the normal range by more than 12% for three consecutive trading days from December 22 to 24, 2025, indicating abnormal fluctuations. As of the date of the announcement, apart from the disclosed matters, there is no significant undisclosed information that should be disclosed. The company completed a major asset restructuring this year, changing from ceramics manufacturing to shipbuilding and high-end equipment business as its main operations. The company reminds that the fulfillment of outstanding orders is affected by multiple factors, and as of the close of trading on December 24th, the company's price-earnings ratio differs significantly from its industry peers. In 2024, the company had a revenue of 274.81 million yuan and a net loss of 76.64 million yuan. The stock has been under delisting risk warning since April 29, 2025.