Red Star Development: Stock trading is experiencing abnormal fluctuations, with a significantly higher price-earnings ratio than the industry.

Red Star Development announced that the closing price of the company's stock has deviated from the previous trading days by more than 20% on March 13, 16, and 17, which is considered abnormal volatility in trading. After the company's self-inspection and confirmation with the controlling shareholder and actual controller, it has been confirmed that there is no significant undisclosed information, no major changes in daily operations or external environment, and no recent buying or selling of the company's stock by relevant parties. The company's current static price-earnings ratio is 102.67 and the rolling price-earnings ratio is 65.81, significantly higher than the static price-earnings ratio of 35.14 and rolling price-earnings ratio of 31.77 for the China Securities Regulatory Commission's industry classification of chemical raw materials and chemical products manufacturing, indicating that investors should invest rationally and pay attention to risks.