*ST Dongyi: Stock price fluctuations indicate multiple risks, uncertainty in reorganization and business injection*

ST Dongyi announced that the company's stock had a cumulative deviation value of more than 12% from November 3rd to 5th, 2025, which was considered abnormal volatility. The company's revenue in 2024 was 12.96 billion yuan, with a net loss of 11.71 billion yuan; from January to September 2025, the revenue was 5.44 billion yuan, with a net loss of 0.58 billion yuan. As of November 4th, the company's P/E ratio and P/B ratio were significantly different from the industry average. The uncertainty remains regarding whether the company can inject its computing power industry business, as well as the completion and operation of the Linggei Smart Computing Center, and the possibility that the restructuring investment agreement may not be fulfilled. Furthermore, if the restructuring is not completed by December 31, 2025, the company's stock will face the risk of delisting.