3 consecutive boards Frantech: Currently, our production and operations are normal, and there are no major undisclosed issues that should be disclosed.

Frantech announced on July 23 that the trading of the company's stock on July 21, 22, and 23, 2025 had a cumulative deviation of more than 20% in closing prices for three consecutive trading days, which falls under abnormal stock trading volatility according to the relevant provisions of the Shanghai Stock Exchange Trading Rules. After verification, the company's current production and operation activities are normal, and there have been no significant changes in internal or external conditions. The company conducted self-inspection and confirmed with the controlling shareholder and actual controller that as of the disclosure date of this announcement, apart from the disclosed information, there are no significant matters that should be disclosed but have not been disclosed according to the Shanghai Stock Exchange Listing Rules, including major asset restructurings, share issuances, acquisitions, debt restructurings, business restructurings, asset divestitures, asset injections, equity incentives, bankruptcy reorganizations, major business collaborations, and introduction of strategic investors.