Hongda Electronics (300726.SZ): There is still uncertainty regarding the progress of Jiangsu Zhanxin's IPO application.

Intelligent Financial News APP, Hongda Electronics (300726.SZ) announced that the company's trading price has deviated by a cumulative 31.00% for three consecutive trading days (from December 22 to December 24, 2025). According to the relevant provisions of the "Shenzhen Stock Exchange Trading Rules," this qualifies as abnormal stock trading volatility. Recently, the company's indirectly held subsidiary, Jiangsu Zhanxin Semiconductor Technology Co., Ltd. ("Jiangsu Zhanxin"), with a 13.79% stake, has submitted an application for initial public offering of shares and listing on the Growth Enterprise Market to the Shenzhen Stock Exchange, which has been accepted. This matter was disclosed on December 18, 2025. Before and after the acceptance of Jiangsu Zhanxin's IPO application, there have been no significant changes in the company's shareholding ratio or voting rights, and the company continues to account for its investment using the equity method. This matter will not have a significant impact on the company's current financial statements, and there is still uncertainty regarding the progress of Jiangsu Zhanxin's IPO application.