China Satellite Communications Co., Ltd. (601698.SH) has issued an announcement concerning unusual stock price movements. As of the market close on January 12, 2026, the company's stock had experienced a cumulative increase of 100% in its closing price deviation over 10 consecutive trading days (from December 26, 2025, to January 12, 2026). According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, this is classified as a severe abnormal stock price fluctuation. While the company's fundamental business conditions have not undergone any significant changes, its stock price has recently diverged from these fundamentals. Investors face substantial risks when participating in trading under these circumstances.
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