Kingkey Smart Agriculture stock has fallen more than 20% for three consecutive days; the company states there are no undisclosed matters to disclose.

**GuanDian Information: **On April 6, Shenzhen JNQY Zhianong Times Co., Ltd. released an announcement to explain its stock trading abnormal price fluctuations.

According to the announcement, the closing price of JNQY Zhianong stock (Securities Code: 000048) on April 1, April 2, and April 3, 2026 consecutively, showed an accumulated deviation in the intraday closing price decline exceeding 20% over three consecutive trading days. Pursuant to the relevant provisions of the Rules for Trading on the Shenzhen Stock Exchange, this falls under the circumstances of abnormal stock trading price fluctuations.

In response to this situation, JNQY Zhianong conducted an investigation into the relevant matters and issued letters to its controlling shareholder and persons acting in concert, as well as its actual controller. The results of the investigation indicate that the information disclosed earlier by the company requires no correction or supplementation. The company’s operating conditions are normal, and there have been no major changes in the internal or external environment. During this period of abnormal stock trading price fluctuations, the controlling shareholder and persons acting in concert, as well as the actual controller, did not buy or sell the company’s shares.

The announcement also disclosed several important matters of the company in the near term. First, the company plans to obtain control of Jiangsu Huibo Robot Technology Co., Ltd. by means of capital increase and signing an agreement on persons acting in concert. The relevant formal agreements were signed on March 31, 2026.

Second, the company plans to transfer 100% of the equity interest in its wholly owned subsidiary, Shenzhen JNQY Zhianong Hotel Management Co., Ltd. The transaction timeline has been extended to June 30, 2026.

Third, the share repurchase plan disclosed by the company on December 9, 2025 is being implemented. As of March 31, 2026, the company has repurchased 5.44M shares, accounting for 1.03% of the total share capital. The total transaction amount is approximately RMB 94.4639 million.

The board of directors of JNQY Zhianong confirmed that, except for the matters that have already been disclosed, the company currently has no material matters that should be disclosed but have not been disclosed. The company also pointed out that it disclosed a performance forecast on January 30, 2026, and it is expected that the net profit attributable to shareholders of listed companies for 2025 will decline by 50% or more year-on-year. The annual report will be disclosed on April 10, 2026.

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