Zhitong Finance App News, Zhaoyi Innovation (03986) announced that the company's A-share stock trading had a cumulative daily closing price drop of more than 20% over 3 consecutive trading days on July 16, 2026, July 17, and July 20, 2026. According to the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, this is an abnormal fluctuation in stock trading. After the company's own investigation and written inquiries to the controlling shareholders and actual controllers, as of the disclosure date of this announcement, the company had no significant matters affecting abnormal fluctuations in stock trading of listed companies; there were no other important matters that should have been disclosed. The company currently produces and operates normally, and there have been no major changes.