According to the announcement of Shang Gong Group (600843.SH) of Zhitong Finance App, the cumulative deviation of the closing price of the company's A-share stock trading for three consecutive trading days (June 11, 12, and 13, 2024) has exceeded 20%, which belongs to the abnormal fluctuation of stock trading. The company disclosed the announcement on "Reply to the Shanghai Stock Exchange's Inquiry Letter" on June 13, 2024. Regarding the above matters, the company reminds of the following risks:

As of the announcement date, there have been other competitors participating in the asset bidding for this transaction. The auction will enter the bidding stage, and the risk of the company raising its offer and not being identified as the ultimate buyer of relevant assets will further increase. If the proposed increased offer exceeds the scope authorized by the 7th meeting of the 10th Board of Directors of the Company, the company will need to convene a new meeting of the board of directors and/or shareholders' meeting to deliberate the relevant proposal to raise the offer. There is a risk that the relevant proposal may not be approved by the board of directors and/or shareholders' meeting.