According to the announcement of Xiangcai Co., Ltd., the cumulative deviation value of the company's stock price increase reached 20% for 3 consecutive trading days on July 16, July 17, and July 20, 2026, which is an abnormal fluctuation. After self-inspection, the company is operating normally, and no important matters should be disclosed that have not been disclosed. At the same time, it suggests a number of risks. The company's static price-earnings ratio and net price-earnings ratio are higher than the industry average; the controlling shareholders and their co-actors hold a total of 40.37% of the shares, and the cumulative pledged shares account for 97.75% of their shares; the share exchange, absorption and merger of Dazhi Trading still needs to be reviewed by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission, and there is uncertainty.

According to the announcement of Xiangcai Co., Ltd., the cumulative deviation value of the company's stock price increase reached 20% for 3 consecutive trading days on July 16, July 17, and July 20, 2026, which is an abnormal fluctuation. After self-inspection, the company is operating normally, and no important matters should be disclosed that have not been disclosed. At the same time, it suggests a number of risks. The company's static price-earnings ratio and net price-earnings ratio are higher than the industry average; the controlling shareholders and their co-actors hold a total of 40.37% of the shares, and the cumulative pledged shares account for 97.75% of their shares; the share exchange, absorption and merger of Dazhi Trading still needs to be reviewed by the Shanghai Stock Exchange and registered by the Securities Regulatory Commission, and there is uncertainty.