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Farsen: If the company's stock price continues to rise in the future, the company may apply for suspension for verification
Far East Victory (000890) announced on March 17th that its stock experienced abnormal trading fluctuations. The company’s stock closing prices on March 16th and 17th increased by a total deviation of 22.73%, indicating abnormal trading activity. Additionally, the stock price volatility has significantly diverged from the company’s fundamentals, posing risks of overheated market sentiment and irrational speculation. If the stock price continues to rise, the company may apply for a trading halt and investigation with the Shenzhen Stock Exchange. Investors participating in trading may face substantial risks. The company’s business does not involve “special optical fibers” or “optical fibers,” nor is there any “restructuring” or “backdoor listing” situation. The online rumors mentioning Jiangsu Far East Victory Optical Communication Technology Co., Ltd. and Jiangsu Far East Victory Optoelectronics Technology Co., Ltd. are subsidiaries under the company’s controlling shareholder and have no equity or business dealings with the listed company. As of the date of this announcement, there are no arrangements to restructure these two companies.