Shanghai Phoenix announced that the cumulative deviation value of the closing price increase of the company's B-share shares exceeded 20% for three consecutive trading days from July 29 to July 31, 2026, which is an abnormal fluctuation. After self-inspection, the company's production and operation were normal, and the controlling shareholders and actual controllers were not required to disclose important matters. The company disclosed the repurchase plan on July 30. It plans to concentrate on bidding to buy back 30 to 50 million B shares and cancel them. The matter is pending review by the shareholders' meeting, and the results are uncertain. Remind investors to be aware of trading risks.

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