On September 26, 29, and 30, 2025, the stock price of Shanghai Fudan Forward Technology Co., Ltd. experienced a cumulative decline deviation of over 12% for three consecutive trading days, which is considered abnormal volatility. After self-examination and consultation with the controlling shareholder and actual controller, as of the announcement disclosure date, there is no significant information that should be disclosed but has not been disclosed, and there are no significant changes in daily production operations and external environment. No media reports, market rumors, or hot concept matters requiring clarification have been found. The company warns of multiple risks, including market trading risks and production operation risks, and due to receiving a notice of punishment on September 19, the stock has been subject to other risk warnings. The company reminds investors to invest rationally and pay attention to risks