Small Article Triggers Stock Price Flash Crash, Xiexie Data Responds

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On the afternoon of March 20, the computing power leasing sector declined, with Zhaochuang Data (300857) plunging during trading, briefly hitting the limit down. The sharp drop in Zhaochuang Data may have been influenced by a brief note regarding the company’s server procurement compliance.

Zhaochuang Data quickly responded to investor concerns about server procurement compliance. The company stated that some investors reported that certain overseas server manufacturers were involved in illegal transactions. After careful verification, the company clarified that these matters are unrelated to them. All of the company’s intelligent computing products are purchased through compliant commercial channels, and they always operate in accordance with market rules and laws.

Zhaochuang Data further emphasized that the company has long maintained forward-looking strategic reserves, continuously optimized a diversified supply chain layout, and actively promoted steady development of its main business. Currently, the company’s production and operations are normal, and all business activities are proceeding in an orderly manner.

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Editor: Liu Wanli SF014