万通发展: 股票交易风险提示公告

Core Viewpoint - The company has experienced significant stock price fluctuations, with a cumulative increase of 20% over three consecutive trading days, indicating abnormal trading activity [1] Market Trading Risk - The company's stock price has shown a cumulative increase of 20% over three consecutive trading days from August 20 to August 22, 2025, which is classified as abnormal trading activity [1] - The company's price-to-book ratio is 0.87, which is higher than the industry average [1] Financial Performance - The company reported net losses for the years 2022, 2023, and 2024, amounting to -323.11 million, -390.15 million, and -457.04 million respectively [2] - For the first half of 2025, the company anticipates a net loss between -33 million and -22 million, with a projected net loss excluding non-recurring items between -75 million and -64 million [2] Major Events Risk - The company is in the process of integrating Beijing Shudu Information Technology Co., Ltd. as part of its transformation strategy, which has been approved by the board [2] - Shudu Technology reported net losses of -62.57 million, -137.88 million, and -35.98 million for the years 2023, 2024, and the first half of 2025 respectively [2] Management and Governance - The company's actual controller and chairman, Mr. Wang Yihui, is currently under investigation, but the board has appointed Mr. Qian Jinzhu to assume his responsibilities to ensure stable operations [3] - The company maintains a robust corporate governance structure and internal control system to support its operational activities [3] Shareholder Pledge and Freeze Risk - As of the announcement date, the controlling shareholder holds 642,638,930 shares, representing 33.99% of the total shares, with 624,433,330 shares pledged, accounting for 97.17% of their holdings [3] - Among the unpledged shares, 18,205,600 shares are frozen, representing 2.83% of the total shares held [3] Other Risk Alerts - The company has stated that there are no other significant matters affecting stock price fluctuations beyond those already disclosed [3]