Treasure Island: Stock trading experiencing abnormal fluctuations, multiple operational data showing year-on-year decline.

Jewel Island announced that the closing price of the company's stock deviated by 20% over three consecutive trading days from June 16th to 18th, 2026, indicating abnormal fluctuations. After verification, it was found that the company, controlling shareholder, and actual controller did not have any undisclosed major events, the operations are normal, and there are no reports or rumors affecting the stock price. Currently, there is 3 billion yuan of idle raised funds that have not been returned. In 2025, the revenue was 7.97 billion yuan, a year-on-year decrease of 70.51%, with a non-GAAP net loss of 13.81 billion yuan, a year-on-year decrease of 442.75%; in the first quarter of 2026, the revenue was 1.82 billion yuan, a year-on-year decrease of 61.28%, with a non-GAAP net profit of 1.83 billion yuan, a year-on-year decrease of 351.50%. The controlling shareholder has pledged a total of 368 million shares, accounting for 78.24% of their holdings and 39.08% of the total share capital.