Huasheng Chang: Stock trading is experiencing abnormal fluctuations, the acquisition of Galante is still in the planning stage.

Huashengchang announced that the company's stock closing prices on April 3 and April 7, 2026, had deviated by more than 20% for two consecutive trading days, indicating abnormal fluctuations. Upon self-examination, as of April 7, there were no undisclosed significant events that needed to be disclosed. The company disclosed on February 28 its intention to acquire 100% equity of Galangte with a preliminary valuation of 460 million yuan. Controlling shareholder Yuan Jianmin intends to transfer 5% of the shares to Yu Xinwen, but the acquisition is still in the planning stage. The final plan is subject to the official agreement. Investors are reminded to pay attention to the risks involved.