According to Hongchang Technology's announcement, the cumulative deviation value of the closing price increase of the company's stock for three consecutive trading days reached 32.09%, which is an abnormal fluctuation in stock trading. After verification, the company previously disclosed that it plans to acquire 45% of the shares of Kunwu Semiconductor Technology Co., Ltd. and Anhui Youpin New Materials Co., Ltd. with no more than 720 million yuan in cash. Currently, the transaction is still in progress. It is only an intent agreement. Further due diligence, audit, evaluation and other processes need to be completed. There is significant uncertainty about whether the deal will eventually land. The company's recent business situation is normal. The main business has not changed, there are no important matters that should be disclosed but not disclosed. The controlling shareholders, actual controllers, and senior directors and supervisors did not trade the company's shares during the period of change.

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