According to a filing, YOFC (06869) announced that its stock price experienced an unusual fluctuation, with the cumulative increase in closing price deviation exceeding 20% over three consecutive trading days from August 4 to August 6, 2026. This qualifies as an abnormal share price movement under the Shanghai Stock Exchange trading rules.
In response to the situation, the company conducted a self-assessment and verified the following: (1) Operations: The company confirms that its daily business operations are normal, and there have been no significant changes in the industry environment. (2) Major events: After self-inquiry and written confirmation from its largest shareholder, China Huaxin Post and Telecommunications Technology Co., Ltd., neither the company nor its largest shareholder has any major events affecting the abnormal stock price movement. There is no undisclosed material information, including, but not limited to, major asset restructuring, share issuance, significant transactions, business restructuring, share buybacks, equity incentives, bankruptcy reorganization, major business collaborations, or the introduction of strategic investors. (3) Media reports, market rumors, and hot topics: Apart from previously disclosed information, the company has not recently identified any other media reports or market rumors significantly impacting its stock price, and it is not involved in other hot topic concepts. (4) The company verified that its directors, senior management, and largest shareholder did not trade the company's shares during the period of the abnormal price movement.
The company's board confirmed that, as of the date of this announcement, there are no matters that should be disclosed but have not been disclosed under the Shanghai Stock Exchange Listing Rules, nor any related plans, negotiations, intentions, or agreements. The board has not received any information that should be disclosed but has not been disclosed, which could significantly impact the company's stock price. Additionally, there are no corrections or supplements needed for the company's previously disclosed information.