Meibang Co., Ltd. Experiences "Limit Up and Limit Down" Trading Halt; Company Responds

Meibang Co., Ltd. opened the morning session with a limit-up price but then suddenly plunged, quickly hitting the limit-down, creating a “heaven and earth” board pattern. By midday, the stock was trading at 28.39 yuan per share, with a turnover of over 700 million yuan. Notably, this is not the first time Meibang Co., Ltd. has experienced extreme market behavior. On January 6, 2025, after hitting five consecutive limit-ups, Meibang Co., Ltd. experienced a “heaven and sky” board, with the stock price moving from the limit-up to the limit-down and then rising again to the limit-up, with a fluctuation of 20% and a turnover rate exceeding 13%.