KeXiang Group: Abnormal fluctuations in stock trading, performance losses, high valuation risks prompting caution.

Kexiang Group announced that the closing price of the company's stock on June 15th to 17th, 2026 had a cumulative deviation value exceeding 30%, indicating abnormal volatility. The company had a net loss of 2.46 billion yuan in 2025, a net loss of 520 million yuan in the first quarter of 2026, a year-on-year decrease of 56.33%, with weaker performance compared to the industry average, and the stock valuation not matching the performance. In addition, executives Zheng Haitao and Liu Tao plan to reduce their holdings by no more than 218,500 shares and 193,300 shares respectively from July 6th to October 5th, with the current reduction plan not yet implemented.