Nanning Department Store Issues Alert on Abnormal Share Price Swings

Deep News09-16

Nanning Department Store Co.,Ltd. (SSE: 600712) has released a formal announcement on September 16, 2026, addressing significant volatility in its stock price. The company's shares recorded a cumulative closing price decline exceeding 20% over three consecutive trading days, specifically from September 14 to September 16, 2026.

This sharp movement has triggered the abnormal trading fluctuation provisions under the trading rules of the Shanghai Stock Exchange. In response, the company conducted an internal review and also dispatched a written inquiry to Nanning Industry Investment Group Co., Ltd., the controlling shareholder, to clarify the situation.

Further verification was carried out through the controlling shareholder with the State-owned Assets Supervision and Administration Commission of the Nanning Municipal People's Government, which serves as the ultimate actual controller. As of the date of this announcement's disclosure, it has been confirmed that neither the company, nor its controlling shareholder, nor its actual controller has any undisclosed major matters or material information that should have been publicly announced.

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