Standard shares: there is a risk of market sentiment overheating and irrational speculation in the company's stock price.

Announcement of Standard Stock: Since October 20, 2025, the company's stock price has cumulatively increased by 55.24%. The stock price has twice touched the abnormal volatility indicator during the period from October 28 to November 4, and the recent stock turnover rate is relatively high. The short-term increase in the company's stock price is larger, higher than the increase in the Shanghai Composite Index during the same period, and deviates from the company's fundamentals, indicating a risk of market sentiment overheating and irrational speculation, with a potential risk of rapid decline in the future. After self-examination by the company and verification with the controlling shareholder, as of the date of this announcement, there are no other significant information that should be disclosed but has not been disclosed, apart from the previously disclosed matter of the controlling shareholder intending to transfer part of the company's shares through public solicitation.