XCHG Limited ("XCharge" or the "Company") (NASDAQ:XCH), a global provider in high-power EV charging solutions, today issued a statement regarding recent volatility in the market price of the Company's American Depositary Shares ("ADSs").

The Company has noted the recent fluctuations in its ADS price and is not aware of any specific reason for these market movements. The Company is focused on executing its business plan, serving its customers and partners, and strengthening its position across its key markets.

"We believe that the Company's current market valuation does not reflect its underlying business fundamentals, technological capabilities, and growth potential," said Mr. Joel Adalberto Gallo, Chief Financial Officer of XCharge.

"We are confident in XCharge’s long-term growth opportunity and the strength of our underlying business fundamentals. Our focus remains on execution, innovation, and translating our competitive strengths into sustainable growth and long-term shareholder value," said Mr. Yifei ("Simon") Hou, Co-Chief Executive Officer of XCharge.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.