LOPAL TECH (02465) has issued an announcement stating that the company's shares recorded cumulative closing price deviations exceeding 20% over three consecutive trading days on April 22, April 23, and April 24, 2026. According to the relevant rules of the Shanghai Stock Exchange, this constitutes an abnormal trading fluctuation. In response to this situation, the company conducted an internal review and made written inquiries to its controlling shareholder and actual controller. The verification results are as follows: Based on the company's self-assessment, its current production and operational activities are normal, with no significant changes to its main business. The market environment and industry policies have not undergone major adjustments, and internal production and operational order remains normal. There are no material matters that should have been disclosed but have not been disclosed which could affect the abnormal share price fluctuations. For the fiscal years 2024 to 2025, the company reported consecutive annual losses, and its asset-liability ratio increased. Net cash flow from operating activities were RMB 798 million (after retrospective adjustment) and RMB 394 million, respectively, a decrease of 50.63% year-on-year. The asset-liability ratios were 74.94% (after retrospective adjustment) and 79.77%, respectively, an increase of 4.83 percentage points year-on-year.
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