Pingtan Development: The company will suspend trading tomorrow, and it is expected that the suspension period will not exceed 3 trading days.

Pingtan Development issues risk reminder announcement, the company's stock price has increased by 255.19% from October 17, 2025 to November 17, 2025, with 6 instances of abnormal trading fluctuations and 1 instance of serious abnormal trading fluctuations during this period. The stock price increase significantly deviates from the company's fundamentals. At the request of the company, trading of the company's stock will be suspended starting from November 18, 2025, and is expected to resume after the verification is completed and relevant announcements are made, with an estimated suspension period of no more than 3 trading days.