From August 18 to 20, 2025, *ST SONGFA's stock price deviated by more than 12% over three consecutive trading days, indicating abnormal fluctuations. The company conducted a self-examination and confirmed with its controlling shareholders that there is no undisclosed significant information aside from what has been disclosed. The company has implemented a major asset restructuring, completing the delivery of the target in May and the registration of newly raised shares on August 18. Its main business has changed from ceramic manufacturing to the research, production, and sales of ships and high-end equipment. In addition, the company is also advancing the early election of the board of directors. The company reminds investors to pay attention to the risks of trading in the secondary market. Although the half-year performance forecast for 2025 indicates a turnaround from loss to profit, the poor performance in 2024 had previously triggered a delisting risk warning