Huayang Co., Ltd.: The main equipment of the battery project involved in the company's sodium ion battery has not completed debugging

On July 28, 2022, A -share company Huayang (600348.SH) issued an announcement of abnormal fluctuations in stock transactions.

The company's shares were more than 20%from July 26, 2022, July 27, 2022, and July 28, 2022, and the closing price increased by more than 20%of the closing price of three consecutive trading days. It belongs to the abnormal fluctuation of stock transactions.

The company's concern and verification of the relevant situation:

After self -inspection, the company's current production and operation conditions are normal, and the market environment and industry policies have not changed significantly.

After being verified by the company's controlling shareholder Huayang New Material Technology Group Co., Ltd. (hereinafter referred to as "Huayang Group"), as of the disclosure date of this announcement, there is no other major asset reorganization involving listed companies except the disclosure date. Issuing shares, acquisitions, equity incentives, major business cooperation and other major matters.

After self -inspection, the company did not find other media or market rumors that had an impact on the company's stock transaction price that had a clarification or response, nor did they involve market hotspot concepts.

After verification to the controlling shareholder, Huayang Group did not exist during the stock of the company's stock abnormal fluctuations at the above -mentioned company's stock; the company did not find other major events that might have a greater impact on the company's stock price.

Recently, the company has discovered industries and discussions related to sodium ion batteries. Based on the principle of caution, the progress of the company's related projects is now explained as follows: As of the disclosure date of this announcement, the main equipment of the battery project involved in the company's sodium ion battery has been installed. After completing the debugging, the project has not yet been put into production, and no benefits have been generated.

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