Xinyan Co., Ltd. received an annual report inquiry letter issued by the Shenzhen Stock Exchange, requesting it to analyze and explain whether the company has liquidity risks, the specific situation of overdue debt solutions, and whether the recovery measures taken by creditors are facing greater debt repayment pressure based on the company's cash flow situation, daily operating needs, future capital expenditure plans, interest-bearing debt maturity and repayment arrangements, and the company's financing channels and capabilities. The change announcement was disclosed on the same day. The cumulative deviation value of the company's stock price increase reached 30% for 2 consecutive trading days on May 17 and May 20, 2024, which is a situation where stock trading fluctuated abnormally. According to verification, the company is currently operating normally, and there have been no major changes in the company's business situation or internal and external business environment recently.