According to Wantong Development's announcement, the cumulative daily closing price drop deviation value of the company's stock reached 20% for three consecutive trading days on July 17, 20, and 21, 2026, which is an abnormal fluctuation. After self-inspection, the company's production and operation were normal, no important matters should be disclosed, and the relevant personnel did not trade the company's shares during this period. Furthermore, on July 16, Wantong Holdings reduced the company's shares by 2.51 million shares through a non-transactional transfer, accounting for 0.13% of the total share capital. As of the disclosure date, Jiahua Holdings and Wantong Holdings held a total of 17.03% of the shares, and the cumulative pledged shares accounted for 93.62% of the total number of shares held and 15.95% of the total share capital.

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