Shangwei New Materials: The company has a small external circulation of shares, and there is a risk of irrational speculation.

Shangwei New Materials has issued a stock trading risk warning announcement. The company's consumer-grade intelligent robot business is currently in the research and application verification stage, and will conduct market promotion work. It will take some time to develop new products and achieve large-scale production. The timing of product launch and market promotion after product launch are both uncertain. As of now, the company's stock price has deviated from its current fundamentals. The new business is in its early stages of development, and there is uncertainty about improving the company's fundamentals. Risks include new business failing to commercialize as expected, supply chain manufacturing and mass production, safety and compliance, market and operations, rising competition, and an early-mover disadvantage. If the new business does not develop as expected, there is a risk of rapid stock price decline. As of now, the company's controlling shareholder Shanghai Zhiyuan Hengyue Technology Partnership Enterprise, the controlling shareholder and concerted action shareholder Shanghai Zhiyuan Hengyue Technology Partnership Enterprise, shareholder SWANCOR IND.CO., LTD., and Strategic Capital Holding Limited collectively hold approximately 84% of the company's A shares, with the remaining external floating A shares accounting for about 16%, which is relatively small and may be subject to irrational speculation risks.