According to Huluwa's announcement, the cumulative deviation value of the company's stock price decline exceeded 12% for 3 consecutive trading days from December 29 to December 31, 2025, which was an abnormal fluctuation. After self-inspection, the company's production and operation were normal, no important matters should be disclosed, no relevant media reports or market rumors were discovered, and directors, supervisors, controlling shareholders, etc. did not trade the company's shares during this period. Furthermore, the company and Chairman Liu Jingping were investigated on December 26, 2025. The results are still uncertain, reminding investors to be aware of the risks.

According to Huluwa's announcement, the cumulative deviation value of the company's stock price decline exceeded 12% for 3 consecutive trading days from December 29 to December 31, 2025, which was an abnormal fluctuation. After self-inspection, the company's production and operation were normal, no important matters should be disclosed, no relevant media reports or market rumors were discovered, and directors, supervisors, controlling shareholders, etc. did not trade the company's shares during this period. Furthermore, the company and Chairman Liu Jingping were investigated on December 26, 2025. The results are still uncertain, reminding investors to be aware of the risks.