ST Wenfeng: Abnormal fluctuations in stock prices indicate multiple investment risks.

ST Wenfeng announced that the company's stock experienced significant fluctuations from June 30th to July 3rd, 2026, and it hit the limit up again on July 3rd. The company reminds investors that the stock price may experience a short-term correction. The newly established holding subsidiary, Beijing Xingfeng Aerospace Technology, has only completed the business registration and has no revenue or income at the moment, with uncertain business operations. Due to the denial opinion in the internal control audit report for the year 2025, the company's stock was subject to other risk warnings on April 30th. As of the date of the announcement, the controlling shareholder Jiangsu Wenfeng Group has pledged 87.53% of its shareholding, with a high pledge ratio.