SMTC: Stock trading has hit the daily limit up for 4 consecutive trading days

SMTC announced that the closing price of its A-share stock has hit the daily limit up for four consecutive trading days, with a cumulative increase of 46.45%, while the Shanghai Composite Index has seen a smaller increase during the same period. The short-term increase in the company's stock price is higher than that of the Shanghai Composite Index, with a cumulative turnover rate of 53.15% over the four consecutive trading days, significantly higher than the company's previous turnover rate level. However, there has been no significant change in the company's fundamentals, nor is there any major information that should be disclosed but has not been disclosed. The company reminds all investors to pay attention to the risks of trading in the secondary market, make rational decisions, and invest prudently