*ST Xiangxue announced that the company's stock deviated by 31.28% for 2 consecutive trading days on October 27 and 28, 2026, which is an abnormal fluctuation in stock trading. After verification, there was no need to correct or supplement the information disclosed earlier by the company. The company, controlling shareholders and actual controllers had no important undisclosed matters that should have been disclosed, no undisclosed material information had a significant impact on stock prices, production and operation conditions were normal, and the relevant personnel did not trade the company's shares. The company's pre-restructuring period was extended until July 11, 2026. It has not yet received relevant court instructions, has not yet signed a restructuring investment agreement with the selected investors, and there is uncertainty about matters related to the restructuring. Net assets returned to the mother at the end of the third quarter of 2026 were -773 million yuan. If the audited net assets were negative at the end of 2026, there is a risk that the listing of the company's shares will be terminated. The company has large overdue debts and guarantees, and there is significant uncertainty about its ability to operate continuously. Investors are kindly requested to be aware of the risks.

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