LOPAL TECH (ASX: 02465) has announced that its share price experienced abnormal trading volatility. The cumulative deviation in the stock's closing price over three consecutive trading days from June 22nd to June 24th, 2026, exceeded 20%, which constitutes an abnormal trading situation under the relevant rules of the Shanghai Stock Exchange.
The company reported that its net cash flow from operating activities was RMB 798 million (retrospectively adjusted) for 2024 and RMB 394 million for 2025, representing a year-on-year decrease of 50.63%. Its asset-liability ratio was 74.94% (retrospectively adjusted) for 2024 and 79.77% for 2025, an increase of 4.83 percentage points. Investors are advised to be aware of the risks associated with the company's operating performance.
On June 23rd, 2026, the company disclosed on the Shanghai Stock Exchange website an announcement regarding the completion of an H-share placement. The joint placing agents successfully placed a total of 15,000,000 H-shares to no fewer than six placees at a price of HKD 13.09 per share. These shares represent approximately 11.11% of the total H-shares after the placement and approximately 1.90% of the total issued shares after the placement. The newly placed H-shares will be traded normally in accordance with Hong Kong listing rules. The entry of these new shares into the market may have a short-term impact on secondary market trading liquidity. Investors are advised to be mindful of investment risks.
Furthermore, on June 16th, 2026, the company disclosed an announcement concerning a subsidiary's tax payment. The company's controlled subsidiary, Sichuan Liyuan New Material Co., Ltd., was required to pay overdue value-added tax, additional taxes, and late payment fees totaling RMB 28.6118 million, which have been paid in full. This matter does not involve administrative penalties. The payment is expected to be recorded in the company's 2026 financial results, with the specific impact on net profit attributable to shareholders to be determined based on the audited financial statements for 2026. Investors are again advised to be aware of investment risks.
Following a self-inspection and written inquiries to the controlling shareholder and actual controller, the company confirms that, as of the date of this announcement, there are no material events or information that should have been disclosed but have not been. The company urges investors to pay attention to secondary market trading risks and to make rational, prudent investment decisions.
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