According to the announcement from Shanghai Highly (600619.SH) on the Zhitong Finance and Economics app, the company's A-share stock prices deviated by more than 20% from the closing prices on September 20, 2024 and September 23, 2024 for two consecutive trading days, falling under the category of abnormal stock trading fluctuations as per the rules of the Shanghai Stock Exchange.

The company has noted relevant news reports and to avoid misleading investors, it reiterates: Shanghai Highly's main business involves the research, production, and sales of rotary refrigeration compressors, refrigeration motors, and castings. It is also engaged in the research, production, and sales of automotive thermal management systems and key component products, primarily used in household air conditioners, and autos. One of its holding subsidiaries, Shanghai Highly Special Refrigeration Equipment Co., Ltd. (referred to as "Highly Special Cooling"), is dedicated to the research and production of industrial equipment cooling systems, with revenue mainly derived from fields like high-temperature air conditioning in the metallurgical industry. Highly Special Cooling sells cooling systems for lithography machines, a business segment with small scale operations, accounting for less than 0.003% of Shanghai Highly's annual revenue over the past three years.