Hongdou Group: there have been no major changes in the company's fundamentals.

Red Bean Co., Ltd. announced on the evening of September 19th that the company's stock trading had seen a cumulative deviation of 20% in the closing prices for two consecutive trading days on September 18th and September 19th in 2025. After excluding the overall factors of the market and sectors, the actual fluctuation of the stock price was relatively large. The turnover rate of the company's stock on the two aforementioned trading days was 5.94% and 12.71% respectively, higher than the daily turnover rate. There have been no major changes in the company's fundamentals. Investors are advised to be cautious of the risks in the secondary market, make rational decisions, and invest prudently. The company disclosed its 2025 interim report on August 29th, with a net profit attributable to the shareholders of the listed company of -10,901.90 million yuan and a net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses of -11,417.62 million yuan in the first half of 2025. The fundamentals of the company have not undergone major changes. The stock price of the company has shown significant short-term fluctuations. Investors are advised to make rational investments and pay attention to investment risks.