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

Viewpoint Network: On April 6, Shenzhen JINGJI Zhinuo Era Co., Ltd. released an announcement to explain unusual fluctuations in its stock trading.

According to the announcement, JINGJI Zhinuo’s shares (securities code: 000048) saw the closing price decline deviation value accumulate to more than 20% over three consecutive trading days on April 1, 2026, April 2, 2026, and April 3, 2026. Pursuant to the relevant provisions of the “Trading Rules of the Shenzhen Stock Exchange,” this falls under the circumstances of unusual fluctuations in stock trading.

In response to this situation, JINGJI Zhinuo conducted a review of the relevant matters and sent inquiry letters to the company’s controlling shareholder and its persons acting in concert, as well as the actual controller. The review results show that the information previously disclosed by the company does not require correction or supplementation; its operating conditions are normal; and no major changes have occurred in the internal and external environment. During the period of the company’s unusual stock trading fluctuations, neither the controlling shareholder and its persons acting in concert nor the actual controller bought or sold the company’s shares.

The announcement also disclosed several important matters in the company’s recent period. First, the company plans to obtain control of Jiangsu Huibo Robot Technology Co., Ltd. through capital increase and the signing of an agreement on persons acting in concert, and 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 JINGJI Zhinuo Hotel Management Co., Ltd., and the transaction timeline has been extended to June 30, 2026.

Third, the share repurchase plan disclosed by the company on December 9, 2025 is ongoing. 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 JINGJI Zhinuo confirms that, aside from the matters already disclosed, the company currently has no other major matters that should be disclosed but have not yet been disclosed. The company also reminds that it disclosed its performance forecast on January 30, 2026, and it expects that in 2025 the net profit attributable to shareholders of listed companies will decline by more than 50% year over year. The annual report will be disclosed on April 10, 2026.

Disclaimer: The contents and data of this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.

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