LOPAL(SH:603906) Zheng Quan Zhi Xing·2025-06-25 18:27Core Viewpoint - Jiangsu Longpan Technology Co., Ltd. experienced abnormal stock trading fluctuations, with a cumulative price increase deviation exceeding 20% over three consecutive trading days [1][4]. Group 1: Stock Trading Abnormalities - The company's stock price increased significantly on June 23, 24, and 25, 2025, leading to a cumulative price deviation exceeding 20%, which is classified as abnormal trading behavior according to Shanghai Stock Exchange regulations [1][4]. - The company confirmed that there are no undisclosed significant information or events that could affect stock trading [2][4]. Group 2: Business Operations - The company's production and operational activities are currently normal, with no significant changes in market conditions or industry policies [2]. - The company held its annual shareholders' meeting on May 28, 2025, where it approved proposals for issuing shares to specific investors and for a public offering on the Hong Kong Stock Exchange [2]. Group 3: Research and Development - The company's subsidiary, Jiangsu Sanjin Lithium Battery Technology Co., Ltd., is involved in the development of solid-state battery precursor materials, which are still in the R&D phase and have not yet generated revenue [3]. - The R&D project faces risks related to industrialization and commercialization due to macroeconomic and market environment changes [3]. Group 4: Shareholder Information - The controlling shareholder, Mr. Shi Junfeng, holds 34.77% of the company's total shares, with 14.11% of his shares pledged [4].