Yong Maotai: Abnormal fluctuations in stock trading are caused by shareholders reducing their holdings.

Yongmaotai announced that the company's stock had a cumulative price deviation exceeding 20% for three consecutive trading days on July 17, 20, and 21, 2026, which was considered abnormal volatility. Upon self-inspection, the company's production and operation are normal, and there are no undisclosed significant information or relevant media reports, market rumors, and hot concepts found. During the abnormal volatility period, the controlling shareholder's concerted action of Leichang from Jiangsu and Hongzhi from Lianyungang each reduced their holdings by 400,000 shares and 200,000 shares on July 20. The company reminds investors to pay attention to trading risks.