Shandong Molong Petroleum Machinery Company Limited (00568) has issued an announcement regarding abnormal trading activity in its A-shares. The company's A-shares, traded under the stock abbreviation Shandong Molong with code 002490, recorded a cumulative increase in closing price deviation exceeding 20% over three consecutive trading days from March 4 to March 6, 2026. According to the Shenzhen Stock Exchange trading rules, this constitutes a stock trading anomaly. Furthermore, from March 2 to March 6, 2026, the closing price deviation for the company's A-shares reached 52.37% over five consecutive trading days, indicating potential market overheating and risks associated with irrational speculation. The company stated that its current production and operational activities are proceeding normally. It also clarified that fluctuations in international crude oil prices are not expected to have a substantial positive impact on the company's performance in the short term. Investors are advised to make rational decisions, exercise caution, and be aware of the risks in secondary market trading. In response to the abnormal stock price movements, the company's board of directors has conducted inquiries with the controlling shareholder and actual controller to verify relevant matters. The findings are as follows: 1) There are no corrections or supplements needed for previously disclosed information; 2) No significant undisclosed information reported by public media that could materially affect the stock price has been identified; 3) No major changes have occurred or are anticipated in the company's production, operations, or internal and external business environment; 4) There are no material undisclosed events concerning the company involving the company, its controlling shareholder, or actual controller. Additionally, the controlling shareholder and actual controller did not trade the company's shares during the period of abnormal price fluctuations.
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