Shuhua Sports: The company's current production and business activities are operating normally, and there have been no significant changes in the market environment or industry policies.

(Source: Caixin News)

          On March 27, 2026, March 30, 2026, and March 31, 2026, the company’s stock prices increased by a cumulative deviation value of more than 20% from the closing prices within three consecutive trading days, which falls under abnormal stock trading price fluctuations.            

On March 31, Shuha Sports (605299.SH) released an announcement regarding abnormal fluctuations in the company’s stock trading. The company’s stock prices, on March 27, 2026, March 30, 2026, and March 31, 2026, increased by a cumulative deviation value of more than 20% from the closing prices within three consecutive trading days, which falls under abnormal stock trading price fluctuations.

The company’s production and operating activities are currently normal. The market environment and industry policies have not undergone any major changes. There have been no significant fluctuations in production costs and sales, etc., and the internal production and operating order is normal. Second, regarding major matters: as of the date of disclosure of this announcement, except for the information that has already been publicly disclosed in the designated media, there are no major matters that would affect the company’s stock trading price in connection with the abnormal fluctuation of the stock trading price; there is no other major information that involves matters that the company is required to disclose but has not disclosed, including but not limited to major asset restructuring, share issuance, major transaction-type matters, business restructuring, share repurchases, equity incentives, bankruptcy reorganization, major business cooperation, and the introduction of strategic investors, among other major matters. In addition, in terms of media reports, market rumors, and hot-concept situations, the company has not found any media reports or market rumors that could have a significant impact on the company’s stock trading price, and it has also not been involved with any market hot-concept. Finally, regarding other price-sensitive information, the company has not found any other major events that could have a significant impact on the company’s stock price. During this period of abnormal fluctuations in the company’s stock trading, the company’s directors, senior management, controlling shareholders, and actual controller have not engaged in buying or selling the company’s shares.

The company emphasizes that it has no other matters that, pursuant to provisions such as the “Stock Listing Rules of the Shanghai Stock Exchange,” should be disclosed but have not been disclosed, nor any related planning, discussions, intentions, agreements, etc. The board of directors has also not become aware of any information that, pursuant to provisions such as the “Stock Listing Rules of the Shanghai Stock Exchange,” should be disclosed but has not been disclosed, and that may have a significant impact on the trading price of the company’s stock and its derivative instruments. There is also no need to correct or supplement any information previously disclosed by the company.

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