Jiaze Xineng: Stock trading shows abnormal fluctuations, multiple businesses and repurchases carry risks.

Jiaze New Energy announced that the company's stock had a cumulative deviation of 20% in the closing price on February 12, 13, and 24, 2026, which is considered abnormal volatility. After self-examination and inquiries to the controlling shareholder and actual controller, it was confirmed that there were no undisclosed significant events that should have been disclosed. The private placement in 2024 has been completed, and in 2025, the company increased its capital by 49.45 million yuan to a subsidiary and invested in the construction of a 300,000-ton green hydrogen alcohol aviation fuel project. Currently, the green chemical business is still in the early stages and has no significant impact on profitability, but faces multiple risks. One of the controlling shareholders' concerted action plan has been completed, with a cumulative increase of 146.6841 million yuan. The company is implementing a share repurchase plan, with the first repurchase completed on February 10, but there are multiple risks involved.