Core Viewpoint - The stock of Lushan New Materials experienced an abnormal fluctuation, with a cumulative closing price deviation exceeding 20% over three consecutive trading days from September 1 to September 3, 2025 [1] Company Summary - Lushan New Materials confirmed through self-inspection and communication with its controlling shareholder that there are no undisclosed significant matters or important information [1] - The company's production and operational activities are currently normal, with no major adjustments in market environment or industry policies [1] - There have been no significant fluctuations in production costs or sales, and the internal production and operational order remains stable [1]

Core Viewpoint - The photovoltaic sector shows signs of recovery with significant price increases in various components, indicating a positive shift in the industry's fundamentals [2]. Industry Summary - On September 3, the A market experienced mixed performance across the three major indices, with the photovoltaic concept stocks gaining strength in the afternoon [2]. - Notable stocks such as Shangneng Electric and Kexin Electromechanical hit the daily limit of 20%, while Yangguang Electric surged over 15%. Several other stocks, including Chunxing Precision and Lushan New Materials, also reached their daily limits [2]. - According to a report from Guojin Securities, the photovoltaic industry chain prices showed a clear recovery in July, with a stable outlook in the short term. As of late August, the transaction price of domestic polysilicon dense materials slightly increased compared to the end of the previous month, while prices for monocrystalline silicon wafers and solar cells experienced minor rebounds, and module prices remained stable [2]. - The industry is exhibiting positive changes, with signs of a bottoming out in the market [2].

Core Viewpoint - Guangzhou Lushan New Materials Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 1 to September 3, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange regulations [1] Group 1: Stock Trading Abnormality - The company's stock price increased cumulatively by over 20% during the trading days of September 1, 2, and 3, 2025, indicating abnormal trading activity [1] - The company conducted a self-examination and confirmed that there are no undisclosed significant matters or important information that could affect the stock price [2] Group 2: Operational Status - The company's production and operational activities are reported to be normal, with no significant changes in market conditions or industry policies, and no substantial fluctuations in production costs or sales [2] - There are no major undisclosed matters related to the company's controlling shareholders that could influence the stock price [2] Group 3: Shareholder Activity - During the abnormal trading period, the controlling shareholders did not engage in buying or selling the company's stock [2] - A share reduction plan was disclosed by a related party, Guangzhou Lushan Information Consulting Co., Ltd., with a reduction period from August 13 to November 12, 2025, and a reported average reduction price of 23.28 yuan per share for 100,000 shares, representing 0.0685% of the total share capital [3]

Group 1 - The core point of the article is that Lushan New Materials experienced a significant stock price fluctuation, with a cumulative increase of over 20% in the closing price deviation over three consecutive trading days [2] - The company did not identify any major media reports, market rumors, or trending concepts that could have significantly impacted its stock trading price [2] - On September 2, the company's controlling shareholder, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares, accounting for 0.07% of the company's total share capital [2]

| | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 广州鹿山新材料股份有限公司（以下简称"公司"或"鹿山新材"）股票 于 2025 年 9 月 1 日、9 月 2 日、9 月 3 日连续三个交易日收盘价格涨幅偏离值累 计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常 波动情形。 经公司自查并向控股股东、实际控制人书面发函查证，截至本公告披露 日，确认不存在应披露而未披露的重大事项或重要信息。 风险提示详见本公告"三、相关风险提示"，公司董事会提醒广大投资者 理性投资，注意投资风险。 一、股票交易异常波动的具体情况 公司股票于 2025 年 9 月 1 日、9 月 2 日、9 月 3 日连续三个交易日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 广州鹿山新材料股份有限公司 股票交易异常波动公告 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司目前生产经营活动一切正常，市场环境、行业政策没有发 生重大 ...

Core Viewpoint - The stock of Lushan New Materials (603051) experienced a significant price fluctuation, with a cumulative increase of over 20% over three consecutive trading days [1] Summary by Relevant Sections Stock Performance - The stock price of Lushan New Materials showed a cumulative increase of over 20% during the trading days of September 1, 2, and 3 [1] Company Actions - On September 2, the controlling shareholder and concerted actor, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares, which accounts for 0.07% of the company's total share capital [1] Market Context - The company did not identify any media reports, market rumors, or trending concepts that could significantly impact the stock trading price [1]

Core Viewpoint - The company announced that its stock experienced an abnormal fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 1 to September 3, 2025 [1] Company Summary - The company conducted a self-examination and confirmed, after consulting with its controlling shareholder and actual controller, that there are no undisclosed significant matters or important information [1] - The controlling shareholder, Guangzhou Lushan Information Consulting Co., Ltd., reduced its holdings by 100,000 shares on September 2, 2025, which represents 0.0685% of the total share capital [1]

Group 1 - The solid-state battery concept has gained momentum in the market, with companies like EVE Energy rising over 13% and Haibosi Technology nearing a 12% increase, indicating strong investor interest [1] - The China Automotive Engineering Society will hold a review meeting for 10 solid-state battery standards in September 2025, which includes participation from major institutions such as Tsinghua University and BYD, suggesting a significant push towards standardization in the industry [1] - The establishment of these standards is seen as a necessary step for industrialization and a key guide for the direction of the solid-state battery sector, potentially accelerating its development [1] Group 2 - Huaxi Securities anticipates that the demand for power and energy storage will continue to rise, leading to increased production and shipment volumes in the supply chain, with lithium battery material prices expected to stabilize and rebound [2] - Solid-state batteries are identified as the next-generation battery technology due to their high energy density and safety advantages, with expectations for new products and capacity construction to accelerate as technology matures [2] - The entire supply chain, including equipment, materials, and batteries, is expected to undergo iterative upgrades, with a focus on key processes and materials that will enhance production capabilities and performance [2]

Group 1 - The photovoltaic concept stocks experienced a surge at the beginning of trading on September 3, with BC battery sector leading the gains [1] - Lushan New Materials reached the daily limit increase, indicating strong investor interest [1] - Other companies such as Huabao New Energy, Dike Co., Haimeixing, JA Solar, and Trina Solar also saw significant increases in their stock prices [1]

Group 1 - The photovoltaic concept stocks experienced a surge at the beginning of trading, with BC battery direction leading the gains [1] - Lushan New Materials reached the daily limit increase, indicating strong investor interest [1] - Other companies such as Huabao New Energy, Dike Co., Haimeixing, JA Solar, and Trina Solar also saw significant increases in their stock prices [1]