{Economic Information Daily, 25th} Xinhua Wenxuan (00811) (Shanghai: 601811) announced that its A-shares have hit the daily trading limit for five consecutive trading days, with a cumulative price increase of 68.88% from last Thursday (17th) to yesterday. From last Thursday to this Wednesday (23rd), the turnover rates were 2.09%, 3.67%, 5.4%, 0.51%, and 2.1% respectively, significantly higher than the group's usual turnover rate.
The group stated that given the recent significant stock price fluctuations, but with no changes in the fundamental business conditions and no material information that should have been disclosed but was not, there may be irrational speculation. The controlling shareholder, actual controller and their parties acting in concert, shareholders holding more than 5% of shares, directors, and senior management, among other relevant parties, have not traded the company's shares during the past six months or during the period of abnormal stock price fluctuations. (wh)
The group stated that given the recent significant stock price fluctuations, but with no changes in the fundamental business conditions and no material information that should have been disclosed but was not, there may be irrational speculation. The controlling shareholder, actual controller and their parties acting in concert, shareholders holding more than 5% of shares, directors, and senior management, among other relevant parties, have not traded the company's shares during the past six months or during the period of abnormal stock price fluctuations. (wh)
