Shandong Molong Petroleum Machinery Announces A-Share Price Anomaly, Confirms No Undisclosed Material Information

Shandong Molong Petroleum Machinery Company Limited (ASX: 00568) has issued an announcement regarding abnormal trading activity in its A-shares.

The company's A-share stock experienced significant price fluctuations over two consecutive trading days on July 8 and July 9, 2026. The cumulative increase in the closing price deviation exceeded 20%, which, according to the Shenzhen Stock Exchange trading rules, constitutes an abnormal trading situation.

In response to this volatility, the company's board of directors conducted inquiries with the controlling shareholder and actual controller to verify relevant matters.

Key Findings from the Inquiry

The company has clarified the situation based on its findings. The company's production, operations, and internal or external business environment have not undergone any significant changes recently, nor are any major changes anticipated.

Furthermore, the company, its controlling shareholder, and actual controller have confirmed that there are no material events concerning the company that should have been disclosed but have not been.

Upon self-review, the company has not identified any media reports or market rumors that could significantly impact its stock price.

Additional Clarifications

The company also stated that no other significant matters that could substantially affect the stock price have been discovered. The information previously disclosed by the company does not require any corrections or supplements.

Additionally, the controlling shareholder and actual controller did not engage in any buying or selling of the company's shares during the period of abnormal price volatility.

Board of Directors Confirmation

The board of directors confirms that, as of now, there are no matters that should be disclosed according to regulations such as the Shenzhen Stock Exchange Listing Rules that have not been disclosed. This includes any planning, discussions, intentions, or agreements related to such matters.

The board also states it has not been informed of any undisclosed information that, under relevant rules, should be disclosed and could significantly influence the trading price of the company's stock or its derivatives.

The information previously disclosed remains accurate and complete, with no need for amendments or additions.