Shu Hua Sports issued an announcement on December 12. The cumulative deviation value of the closing price drop of the company's stock over three consecutive trading days was more than 20%. According to relevant regulations, it was an abnormal fluctuation in the stock trading price. According to verification, the company's current production and operation activities are all normal, there have been no major adjustments to the market environment or industry policies, production costs and sales conditions have not fluctuated greatly, and the internal production and operation order is normal. As of the disclosure date of this announcement, other than information that has been publicly disclosed in designated media, there are no major matters affecting abnormal fluctuations in the company's stock trading price; there is no other important information involving the Company that should have disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, major transaction matters, business restructuring, share repurchases, equity incentives, bankruptcy and restructuring, major business cooperation, and introduction of strategic investors.

Shu Hua Sports issued an announcement on December 12. The cumulative deviation value of the closing price drop of the company's stock over three consecutive trading days was more than 20%. According to relevant regulations, it was an abnormal fluctuation in the stock trading price. According to verification, the company's current production and operation activities are all normal, there have been no major adjustments to the market environment or industry policies, production costs and sales conditions have not fluctuated greatly, and the internal production and operation order is normal. As of the disclosure date of this announcement, other than information that has been publicly disclosed in designated media, there are no major matters affecting abnormal fluctuations in the company's stock trading price; there is no other important information involving the Company that should have disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, major transaction matters, business restructuring, share repurchases, equity incentives, bankruptcy and restructuring, major business cooperation, and introduction of strategic investors.