*ST Lianxiang: Abnormal stock price fluctuations, warning of multiple investment risks*

ST Lianxiang announced that from May 25th to 27th, 2026, the closing price of the company's stock had deviated by more than 12% for three consecutive trading days, indicating abnormal fluctuations. From April 24th to May 27th, 2026, the cumulative increase in stock price reached 90.14%. The company warned of multiple risks, including a revenue of 141.61 million yuan in 2025, a net loss of -11.4488 million yuan, and a net loss of -5.577 million yuan in the first quarter of 2026, indicating ongoing losses and the risk of delisting; the small external market float, irrational speculation risk, and uncertainties in the agreement transfer.