Red Beauty: The stock price has deviated by 20% for two consecutive days, indicating potential risk.

Hong Baili announced that the company's stock had a cumulative deviation value of 20% in the closing prices on January 29th and January 30th, 2026, which was considered abnormal volatility. Upon verification, the company's previous information had not been revised or supplemented; no major undisclosed information was reported in the public media; the operating environment had not changed recently, and there were no undisclosed major events; during the abnormal fluctuation period, major shareholders and controlling shareholders did not buy or sell stocks. The subsidiary's epoxy propane project is entering the trial production preparation stage, and it will take time to produce qualified products with uncertainties. The company advises investors to pay attention to the risks.