Zhejiang Shibao (01057) Reports Abnormal A-Share Trading Activity, Confirms No Undisclosed Material Information

Stock News05-25

Zhejiang Shibao Company Limited (01057) has issued an announcement regarding abnormal fluctuations in its A-share trading. The company's A-shares (Stock Code: 002703) experienced a cumulative deviation in closing prices exceeding +20% over three consecutive trading days (May 21, 2026, May 22, 2026, and May 25, 2026). The company stated that its recent operations are normal, with no significant changes in its internal or external business environment. Following a self-review, the company disclosed that its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd. ("Shibao Holding"), reduced its holdings of the company's A-shares by a total of 9.128 million shares on May 22, 2026, representing approximately 1.11% of the company's total share capital. This reduction was executed in accordance with a previously disclosed divestment plan. The company's Board of Directors confirmed that there are currently no undisclosed matters, or any related planning, discussions, intentions, or agreements, that require disclosure under regulations such as the Shenzhen Stock Exchange's "Listing Rules." Furthermore, the Board is not aware of any undisclosed information that should be disclosed under these regulations and that could significantly impact the trading price of the company's securities. The company also confirmed that there is no need for corrections or supplements to its previously disclosed information.

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Following a self-review, the company disclosed that its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd. (\"Shibao Holding\"), reduced its holdings of the company's A-shares by a total of 9.128 million shares on May 22, 2026, representing approximately 1.11% of the company's total share capital. This reduction was executed in accordance with a previously disclosed divestment plan. The company's Board of Directors confirmed that there are currently no undisclosed matters, or any related planning, discussions, intentions, or agreements, that require disclosure under regulations such as the Shenzhen Stock Exchange's \"Listing Rules.\" Furthermore, the Board is not aware of any undisclosed information that should be disclosed under these regulations and that could significantly impact the trading price of the company's securities. 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