Han Jian River and Mountain: Abnormal fluctuation in stock trading, major asset restructuring uncertainty.

Han Jianhe's mountain and river announcement stated that the company's stock price had deviated by 20% in the cumulative values of the closing prices on June 5th, June 8th, and June 9th, which is considered abnormal fluctuation. The company's production and operation are currently normal, and they are actively promoting a major asset restructuring plan, intending to purchase 99.9978% of the shares of Liaoning Xingfu New Materials at a transaction price of 1.07 billion yuan. The company had a revenue of 884 million yuan in 2025 with a net loss of 10.1059 million yuan; in the first quarter of 2026, the revenue was 31.1671 million yuan with a net loss of 9.8094 million yuan. The controlling shareholder's shares are subject to pledge and freeze, and this transaction still needs to go through relevant procedures, with uncertainty regarding its final implementation.