BCDC: Some institutional shareholders have reduced their holdings or completely liquidated their positions, which may pose a risk of stock price decline
On the evening of September 16, BCDC announced that the closing price deviation of the company's stock had accumulated to 100% from September 3 to September 12, triggering a severe abnormal fluctuation in stock trading. The company had released an announcement regarding the abnormal fluctuation of stock trading on September 13, 2025. On September 15 and 16, the cumulative closing price deviation of the company's stock reached 20% over two consecutive trading days. According to the relevant provisions of the Shanghai Stock Exchange Trading Rules, this constitutes an abnormal fluctuation in stock trading. According to the Shanghai Stock Exchange Listing Rules, if a listed company experiences significant abnormal trading conditions, it may suspend trading of the company's stock and its derivatives and require the company to conduct an investigation, with resumption of trading pending the company's disclosure of relevant announcements. BCDC stated that recently, the company's stock trading has shown a significant increase in trading volume, a substantial rise in turnover rate, a notable increase in the number of shareholders, and some institutional shareholders have reduced their holdings. There is a risk of a potential decline due to the rapid short-term increase in stock price. After the company's self-examination and verification with the controlling shareholder and actual controller, as of the date of this announcement, it has been confirmed that there are no significant matters or important information that should be disclosed but have not been disclosed
