Tebian Electric: The stock has consecutively increased by more than 20% for 3 days, indicating investment risk.

TEBE Electric announced that the closing price of the company's stock has deviated by more than 20% for three consecutive trading days from November 3-5, 2025, which is considered abnormal volatility. After self-inspection, the company's production and operation are normal, and both internal and external environments remain unchanged. The issuance of convertible bonds to unspecified parties has been accepted by the Shanghai Stock Exchange and is progressing smoothly. As of the disclosure date of this announcement, the company, major shareholders, and actual controller have no undisclosed significant information that should be disclosed. The company reminds investors that as of the closing price on November 5th at 24.11 yuan/share, the company's P/E ratio and P/B ratio are higher than the industry average, indicating investment risks; there are uncertainties in the bond issuance.