According to the announcement of Xiaosong Co., Ltd., the daily closing price deviation value of the company's stock exceeded 20% for two consecutive trading days on July 20 and July 21, 2026, which was an abnormal fluctuation. After verification, the company currently has a matter of issuing shares to specific targets that is in the planning stage and has not been officially disclosed. The matter is still uncertain and has not been reviewed by the board of directors or shareholders' meeting. Furthermore, the company was involved in a factoring contract dispute because it had provided guarantees for the 80 million yuan debt of Guohai Construction, an affiliated company. As of the date of disclosure of the announcement, it had not received the latest developments in the mediation arrangements.

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