Pinming Technology's stock experiences unusual fluctuations, and there is uncertainty regarding the approval of share transfers

On September 25 and 26, 2025, the closing price of Pinming Technology's stock deviated by more than 30%, indicating abnormal fluctuations. After self-examination, the company confirmed that its production and operations are normal, with no undisclosed significant matters. On September 24, the controlling shareholder and other transferors signed a share transfer agreement with the transferee, intending to transfer 12,552,212 shares, accounting for 15.9206%, which does not affect the controlling rights. The transferee promised not to seek control within 36 months and not to reduce holdings within 18 months; the transferor promised not to reduce holdings within 12 months. This transfer requires confirmation and handling of the transfer by the exchange, with uncertain approval results and timing. The company's price-to-earnings ratio is higher than the industry average, and the stock price has significant short-term fluctuations, reminding investors to pay attention to risks