Shandong Molong Petroleum Machinery Company Limited Reports Unusual A Share Trading Movement

Key Points Investors Should Note

• Significant Price Surge: The closing prices of the A Shares (stock short name: Shandong Molong, stock code: 002490) experienced a cumulative deviation of more than 20% for three consecutive trading days (4 March, 5 March, and 6 March 2026). Over the five trading days from 2 March to 6 March 2026, the shares increased by a staggering 52.37%.
• Market Sentiment Warning: The company management has highlighted that there is a risk of overheated market sentiment and irrational speculation behind this price movement.
• Operational Status: Despite the sharp rise in share price, the company reports that its production and operations remain normal. There have been no substantial positive impacts from recent short-term fluctuations in international crude oil prices.

Details and Verification by the Company

The board of directors has conducted thorough verifications with the controlling shareholders and de-facto controllers regarding the unusual trading activities. Key findings include:

• No correction or supplementation is required for any information previously disclosed by the company.
• The company is not aware of any public media reports concerning undisclosed material information that could have influenced the share price.
• No major changes have occurred, nor are expected, in the company’s recent production, operational conditions, or its internal and external environment.
• There are no discloseable but undisclosed material events related to the company. The controlling shareholders and de facto controllers did not engage in any share transactions during the period of unusual trading.

Disclosure and Transparency

The board confirms there are no undisclosed events, plans, discussions, intentions, or agreements that could materially affect the trading prices of the company’s shares or derivative products. All previously disclosed information is accurate and up to date.

Risk Warnings to Investors

• No Breach in Disclosure Obligations: The company has verified that it has not contravened fair disclosure requirements.
• Results Estimation for 2025: The company released a preliminary results estimation for the year 2025 (announcement no.: 2026-004) on 29 January 2026. There are currently no circumstances that would require a revision of this estimation. Investors should note that the actual financials will be subject to the 2025 annual report, which has yet to be released.
• Market Risk Reminder: The board reiterates the risk of overheated speculation and urges investors to make rational, prudent investment decisions, as the company’s fundamentals have not changed in a manner that would justify the recent price surge.
• Official Disclosure Channels: For accurate and up-to-date information, investors should refer only to the following official disclosure platforms: China Securities Journal, Shanghai Securities News, Securities Daily, Securities Times, and the CNINFO website (www.cninfo.com.cn).

Board Statement and Composition

The announcement is authorized by the Board of Shandong Molong Petroleum Machinery Company Limited, with Han Gao Gui as Chairman. The board comprises a mix of executive, non-executive, and independent non-executive directors.

What Shareholders Must Know (Potentially Price-Sensitive)

• The recent surge in share price (over 52% in five days) is not backed by any material changes to the company’s operations or external environment.
• No new information, business plans, or events have been disclosed that would warrant the extraordinary share price movement.
• The board warns of irrational speculation and overheated market sentiment, which could result in significant volatility or correction.
• Investors are strongly advised to exercise caution and to pay attention to the risks associated with trading in the secondary market.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are urged to perform their own due diligence and consult professional advisors before making investment decisions. The company has not announced any new business developments or material events that would justify the recent share price movement. All information should be cross-verified with official company disclosures.

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