Yangzhou Seashine New Materials (300885.SZ) announced that the cumulative deviation of the closing price of the company's stock on June 18, 19, and 20, 2024 exceeded 30% for three consecutive trading days. According to the relevant provisions of the Shenzhen Stock Exchange Trading Rules, this belongs to abnormal fluctuations in stock trading.

Regarding the abnormal fluctuations in the company's stock trading, the company has conducted an investigation and now explains the relevant situation as follows: (1) there is no need for correction or supplementation of information disclosed by the company earlier. (2) The company has not found any undisclosed significant information that may or has had a significant impact on the trading price of the company's stock reported by the public media recently. (3) There have been no significant changes in the company's operating conditions and internal and external operating environment recently. (4) After investigation, there are no significant issues that the controlling shareholder and actual controller of the company need to disclose but have not yet disclosed or significant issues in the planning stage. (5) After investigation, the controlling shareholder and actual controller of the company did not buy or sell the company's stock during the abnormal fluctuation of stock trading. (6) After self-inspection, the company did not violate the regulations on fair information disclosure in other ways.

The board of directors of the company confirmed that there are currently no matters that should be disclosed in accordance with the Shenzhen Stock Exchange Growth Enterprise Board Stock Listing Rules or other relevant regulations and have not been disclosed or planning, negotiations, intentions, agreements related to such matters. The board of directors has not been informed of any information that may have a significant impact on the trading price of the company's stock and its derivatives that should be disclosed in accordance with the Shenzhen Stock Exchange Growth Enterprise Board Stock Listing Rules or other relevant regulations; there is no need for correction or supplementation of information disclosed by the company earlier.