Shanghai Wumao: The company's fundamentals have not undergone significant changes.

Shanghai Wumao issued an announcement on the evening of July 16 regarding abnormal fluctuations in stock trading. The company's A-shares reached the daily limit up on July 11, July 14, July 15, and July 16 for four consecutive trading days, with a total increase of 46.45%. The short-term increase in the company's stock price is higher than that of the Shanghai Stock Index during the same period. The cumulative turnover rate of the company's stock trading on July 11, July 14, July 15, and July 16 was 53.15%, significantly higher than the previous turnover rate level of the company. However, there have been no major changes in the company's fundamentals, and there is no significant information that should have been disclosed but was not disclosed.