DATANG POWER (00991) has announced that on May 11 and May 12, 2026, the cumulative deviation of the closing price increase over two consecutive trading days exceeded 20%. According to the relevant regulations of the Shanghai Stock Exchange, this constitutes abnormal stock trading volatility. From May 6 to May 12, 2026, the company's stock price accumulated an increase of 61.06% over five trading days. During this period from May 6 to May 12, the stock closed at its daily limit price for five consecutive trading days. Since May 6, 2026, the turnover rates over the recent five trading days were 2.66%, 2.69%, 9.81%, 2.25%, and 5.51% respectively, which are relatively high compared to the company's historical turnover rates, indicating significant trading risk. The company's stock price has risen substantially in the short term, deviating from both the Shanghai Composite Index and the industry index during the same period.
Following a self-review, the company stated that its current production and operational activities are normal, with no significant changes in daily business operations. There have been no major adjustments in the market environment or industry policies, and no substantial fluctuations in production costs or sales. Internal production and operational order remains normal. The company's directors and senior management are performing their duties as usual.
Upon self-examination and verification with the company's controlling shareholder and actual controller, as of the date of this announcement, aside from information already publicly disclosed through designated media, there are no significant matters affecting the abnormal fluctuation of the company's stock trading price. There are no major events being planned involving the company, such as significant asset restructuring, share issuance, major transactional matters, business reorganization, share repurchases, equity incentives, bankruptcy reorganization, major business cooperation, or the introduction of strategic investors.
The company's board of directors confirms that there are no matters that should be disclosed according to regulations such as the Shanghai Stock Exchange Listing Rules but have not been disclosed, nor any planning, discussions, intentions, or agreements related to such matters. The board has also not been informed of any information that should be disclosed according to the relevant regulations and could potentially have a significant impact on the trading price of the company's stock and its derivatives.
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