Shifeng Cultural Development announced that the stock trading price has deviated by a cumulative increase of 22.27% in the closing prices over three consecutive trading days, which constitutes an abnormal fluctuation in stock trading. The company's disclosed operating situation and internal and external operating environment have not undergone significant changes, and internal production and operational activities are running normally. The company, the controlling shareholder, and the actual controller have no significant matters regarding the company that should be disclosed but have not been, or any significant matters at the planning stage. The company has continued to incur losses for the past two years, with revenue and net income attributable to the parent for the first three quarters of 2024 showing a slight increase, but the scale is not large. Investors are advised to pay attention to investment risks and invest rationally.