Far Sheng (000890.SZ): The business does not involve "fiber optics" or "special fiber optics," and there are no cases of "restructuring" or "backdoor listing."

Gelonghui March 31丨Farsail Winning (000890.SZ) released an announcement on abnormal stock trading fluctuations and a risk warning. From February 10, 2026 to date, for 30 consecutive trading days, the cumulative deviation of the closing price increase of the company’s stock has reached 187.68%. The magnitude of the company’s stock price fluctuations has already severely deviated from the company’s fundamentals. There is a risk of overheated market sentiment and irrational speculation. If the company’s stock price rises further, the company may apply to the Shenzhen Stock Exchange for a suspension of trading for verification. Investors participating in the trading may face significant risks. Investors are earnestly requested to fully understand the risks involved in secondary-market trading, enhance risk awareness in a practical manner, make rational investments, and pay attention to investment risks.

The company’s sale of its 10% equity interest in China Beicai Bekaert Steel Cord Co., Ltd. was completed on March 10, 2026. This transaction is expected to reduce the company’s 2025 net assets by RMB 17.1028 million (the specific amount is subject to the audit results of the annual audit by auditors), and will not affect indicators such as operating income and profit of the listed company. It will not lead to changes in the listed company’s principal business. The company’s principal business will remain metal products and environmental protection business. Among them, the metal products business accounts for approximately 72% of the company’s operating income. The company has no relevant plans or arrangements to divest its metal products business. The funds obtained from the company’s transaction are mainly used to repay interest-bearing debts and supplement working capital. There are no arrangements or plans involving the acquisition of other assets. Investors are earnestly requested to make rational investments and pay attention to investment risks.

The company’s business does not involve “fiber,” “specialty fiber.” There are no circumstances of “restructuring” or “being backdoored.” The network rumors mention Jiangsu Farsail Winning Optoelectronics Communication Technology Co., Ltd. and Jiangsu Farsail Winning Photoelectric Technology Co., Ltd. Both are subsidiaries under the company’s controlling shareholder and have no equity relationship with the listed company, nor do they have any business dealings. As of the date of disclosure of this announcement, the company has no plans to restructure the above two enterprises. Investors are earnestly requested to make rational investments and pay attention to investment risks.

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