Zheng Quan Zhi Xing·2025-08-22 16:48Group 1 - The independent financial advisor, China Galaxy Securities, was commissioned by Jiaozuo Wanfang Aluminum Industry Co., Ltd. to conduct a review of the stock price fluctuations prior to the announcement of a significant transaction involving the acquisition of a 99.4375% stake in Cayman Aluminum (Sanmenxia) Co., Ltd. [1] - The stock of Jiaozuo Wanfang was suspended from trading on March 3, 2025, with the last trading day before suspension being February 28, 2025. The stock price on February 28 was 7.23 CNY, reflecting a 1.26% increase from 7.14 CNY on January 23, 2025 [1]. - The review indicated that, after excluding the impact of the overall market and industry sector, the cumulative price fluctuation of the company's stock over the 20 trading days prior to the suspension did not exceed 20%, indicating no abnormal volatility [2]. Group 2 - The company implemented strict confidentiality measures during the negotiation process to prevent the leakage of insider information, limiting the number of informed personnel and maintaining a record of those with insider knowledge [2]. - The independent financial advisor confirmed that the stock price fluctuations were within normal ranges, further supporting the integrity of the transaction process [2].