Glonghui, August 31, 丨 Gengxing Co., Ltd. (600753.SH) announced that the company's stock had a cumulative increase of 33.13% for 3 consecutive trading days on August 29, 30, and 31, 2023. The cumulative increase in the Shanghai Composite Index during the same period was 0.69%. The short-term increase was too large. The cumulative turnover rate was 26.87%, and the average turnover rate was 8.96%, exceeding the previous level; the company's net profit for 2022 and the semi-annual period of 2023 after deducting non-recurring profit and loss was negative. After the company's own inspection, as of the disclosure date of this announcement, there have been no significant changes in the company's main business, production and operation conditions, and operating environment compared to the information previously disclosed.

Since this year, the company has set a strategic transformation direction for industries such as new energy, energy storage, and green carbon storage. At present, the company has made continuous progress in personnel echelon construction, site expansion, equipment procurement, power engineering, smart platform construction, etc., but there are still great uncertainties and risks.丨