GLONGHUI, August 30 | Geng Xing Co., Ltd. announced that the cumulative deviation value of the closing price increase of the company's stock trading exceeded 20% over three consecutive trading days, reaching 2 consecutive records. This is an abnormal fluctuation in stock trading. There is a risk that the company's new business transformation will not meet expectations. As of the disclosure date of this announcement, Zhonggeng Real Estate Group Co., Ltd., the controlling shareholder of the company, held 81,929,600 shares of the company, accounting for 35.57% of the company's total share capital. Currently, its shares are pledged and frozen; Shanghai Jieyu Asset Management Co., Ltd., a shareholder holding more than 5% of the company's shares, holds 18,239,075 unrestricted tradable shares, of which 18,228,000 shares are pledged and frozen, accounting for 99.94% of the company's total share capital, accounting for 7.91% of the company's total share capital.