Jinmei Technology: The prices of some chemical products, including ethylene glycol, are oscillating in the short term.

Jinmei Technology announced an abnormal trading notice, as the closing prices of the company's stock have deviated by a cumulative 20% over the past three trading days, indicating abnormal fluctuations in stock trading. After a self-inspection, the company found that its business operations are normal and there have been no significant adjustments to national environmental or industry policies related to the company. In order to optimize its product structure, the company is currently implementing a technical upgrade and construction project for expanding oxalic acid capacity, which is expected to be completed soon and start trial production. After the project is put into operation, the company will reduce some of its ethylene glycol production capacity. Due to various factors such as geopolitical tensions, international energy prices have been fluctuating recently, leading to a period of volatility in the prices of certain chemical products including the company's product, ethylene glycol.