Zhejiang Bangjie Holding Group Co., Ltd. Stock Trading Abnormal Fluctuation Announcement

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2026-04-02 01:50:42

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Stock code: 002634 Stock abbreviation: BANGJIE Shares Announcement No.: 2026-030

Zhejiang Bangjie Holding Group Co., Ltd.

Announcement on Abnormal Stock Price Volatility

The Company and all members of the Board of Directors warrant that the information disclosed herein is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Risk Notice:

As of the date of disclosure of this announcement, the Company’s pre-reorganization work is being advanced in an orderly manner. The recruitment of reorganization investors is still underway. The final shortlist selection results are subject to uncertainty. Please refer to the subsequent announcements related to the Company’s pre-reorganization matters for details. The Company has not yet received any legal documents from the court regarding the acceptance of the reorganization application. Whether the applicant’s reorganization application will be accepted by the court, whether the pre-reorganization procedure can ultimately be completed, and whether the matter can subsequently proceed to the reorganization procedure are all subject to uncertainty. Investors are kindly reminded to be aware of investment risks.
On January 31, 2026, the Company disclosed on the Cninfo website (www.cninfo.com.cn) the “2025 Annual Performance Forecast” (Announcement No.: 2026-011) and the “Notice on the Company’s Stock Trading Possibly Being Implemented with Delisting Risk Warning and Other Risk Warnings” (Announcement No.: 2026-012). On March 4, 2026, the Company disclosed the “Second Notice on the Company’s Stock Trading Possibly Being Implemented with Delisting Risk Warning and Other Risk Warnings” (Announcement No.: 2026-027). Investors are kindly reminded to pay attention to the relevant announcement contents and to be aware of investment risks.
Investors are kindly reminded to pay attention to the risk notice contents of this announcement and to be aware of investment risks.

I. Details of Abnormal Stock Trading Price Volatility

On March 30 and March 31, 2026, Zhejiang Bangjie Holding Group Co., Ltd. (hereinafter referred to as the “Company” or the “Listed Company”) (stock abbreviation: Bangjie Shares, stock code: 002634) had closing price deviations in cumulative amounts reaching 20% or more for two consecutive trading days. According to the relevant provisions of the “Trading Rules of the Shenzhen Stock Exchange,” this falls under the category of abnormal stock trading price volatility.

II. Explanation of the Company’s Review and Verification

In response to the abnormal stock trading price volatility, the Board of Directors conducted a review of the Company, its controlling shareholder, and its actual controller regarding the relevant matters. The details are as follows:

There are no information items previously disclosed by the Company that require supplementation or correction.
The Company has not found any material undisclosed information in recent public media reports that could or has already had a significant impact on the trading price of the Company’s stock.
The Company is currently in the pre-reorganization stage. On February 28, 2026, the Company disclosed the “Announcement on Extending the Deadline for Submitting the Reorganization Investment Plan” (Announcement No.: 2026-025). Investors are kindly reminded to pay attention to the latest progress and to be aware of investment risks.
The Company’s controlling secondary subsidiary, Yangzhou Bangjie New Energy Technology Co., Ltd. (hereinafter referred to as “Yangzhou Bangjie”), is currently in the reorganization stage. On February 7, 2026, the Company disclosed the “Announcement on Launching the Filing of Claims for Subsidiary Reorganization and Convening the First Creditors’ Meeting” (Announcement No.: 2026-016). Investors are kindly reminded to pay attention to the latest progress and to be aware of investment risks.
At present, except that the controlling subsidiary Yangzhou Bangjie remains in a shutdown state, the Company’s other subsidiaries’ business operations are normal, and there has been no major change in the internal and external operating environment.
After review, the Company, the controlling shareholder, and the actual controller have no material matters that should be disclosed but have not been disclosed, or any material matters that are in the planning stage.
After review, during the period of abnormal stock trading volatility of the Company’s stock, the Company’s controlling shareholder and the Company’s directors and senior management did not buy or sell the Company’s stock.
After review, the Company has no instances of violating fair information disclosure.

III. Statement on Whether There Is Any Information That Should Have Been Disclosed but Has Not Been Disclosed

In addition to the above matters, the Company’s Board of Directors confirms that, as of now, the Company has no matters that, in accordance with provisions such as the “Stock Listing Rules of the Shenzhen Stock Exchange,” should be disclosed but have not been disclosed, nor any planning, discussion, intentions, agreements, etc. related to that matter. The Board of Directors also has not become aware of any information, in accordance with provisions such as the “Stock Listing Rules of the Shenzhen Stock Exchange,” that should be disclosed but has not been disclosed, and that could have a significant impact on the trading price of the Company’s stock and its derivative instruments. The information previously disclosed by the Company contains no items requiring correction or supplementation.

IV. Risk Notice

On January 31, 2026, the Company disclosed the “2025 Annual Performance Forecast” (Announcement No.: 2026-011). The 2025 performance of the Company involved in the forecast is only preliminary figures calculated by the finance department. The specific financial data shall be based on the Company’s subsequent disclosure of the 2025 annual report.
As of now, the Company’s pre-reorganization work is being advanced in an orderly manner, and the recruitment of reorganization investors is still ongoing. The final selection results are uncertain. For details, please refer to the subsequent announcements regarding the Company’s pre-reorganization matters. Whether the Company enters the reorganization procedure remains uncertain. Whether or not the Company enters the reorganization procedure, the Company will actively carry out daily production and operation management on the existing basis. If the Company subsequently receives the documents on the court’s acceptance of the reorganization application, it will promptly fulfill its information disclosure obligations.

As of the date of disclosure of this announcement, the Company has not yet received any legal documents from the court regarding the acceptance of the reorganization application. Pursuant to Article 9.4.1, Item (IX) of the “Stock Listing Rules of the Shenzhen Stock Exchange,” if the court rules to accept the reorganization application of the applicant for the Company, the Shenzhen Stock Exchange will implement a delisting risk warning for the Company’s stock. Investors are kindly reminded to be aware of investment risks.

Although the court has currently ruled that Yangzhou Bangjie enter the reorganization procedure, during the process of advancing the reorganization matters, there are still potential risks that the reorganization plan voting will not be approved, that after the reorganization plan voting is approved it will not receive court approval, or that after the reorganization plan is approved by the court it cannot be implemented, etc. Yangzhou Bangjie’s subsequent reorganization matters remain uncertain, with risks that it may be declared bankrupt due to failure of the reorganization and have bankruptcy liquidation implemented. The Company will closely monitor the subsequent progress of this matter and promptly fulfill its information disclosure obligations. Investors are kindly reminded to be aware of investment risks.
On January 31, 2026, the Company disclosed the “2025 Annual Performance Forecast” (Announcement No.: 2026-011). Based on the preliminary estimates by the Company’s finance department, it is expected that the Company’s net assets attributable to shareholders of listed companies at the end of 2025 will be between -90,015.51 million yuan and -60,015.51 million yuan (unaudited); and that the Company’s net profit attributable to shareholders of listed companies for 2025 will be between -120,000 million yuan and -90,000 million yuan (unaudited). After deducting non-recurring profit and loss, the net profit attributable to shareholders of listed companies will be between -108,000 million yuan and -78,000 million yuan (unaudited). Pursuant to the relevant provisions of the “Stock Listing Rules of the Shenzhen Stock Exchange,” there may be risks that, after disclosure of the 2025 annual report, the Company’s stock could be subject to delisting risk warnings and other risk warnings. For details, please refer to the “Notice on the Company’s Stock Trading Possibly Being Implemented with Delisting Risk Warning and Other Risk Warnings” (Announcement No.: 2026-012) and the “Second Notice on the Company’s Stock Trading Possibly Being Implemented with Delisting Risk Warning and Other Risk Warnings” (Announcement No.: 2026-027), disclosed by the Company on January 31, 2026 and March 4, 2026. Investors are kindly reminded to make prudent decisions and to be aware of investment risks.
The Company’s current principal businesses are seamless apparel and photovoltaics. In 2024, the seamless apparel business achieved operating revenue of 620 million yuan (audited), accounting for 56.06% of the Company’s operating revenue; the photovoltaics business achieved operating revenue of 452 million yuan (audited), accounting for 40.86% of the Company’s operating revenue. In the first three quarters of 2025, the seamless apparel business achieved operating revenue of 399 million yuan (unaudited), accounting for 96.19% of the Company’s operating revenue. The Company has been deeply involved in the seamless apparel business for many years and, over the years, has maintained long-term, stable cooperation relationships with many internationally well-known brand customers and major retailers and purchasers. Currently, the listed company has entered the pre-reorganization procedure; related risks may spread to the seamless apparel segment and may cause material negative impacts on the operating performance and equity attribution of the Company’s seamless apparel segment. Investors are kindly reminded to make prudent decisions and to be aware of investment risks.

The Company has designated the following information disclosure media: “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal,” and the Cninfo website (

Special Notice

Board of Directors of Zhejiang Bangjie Holding Group Co., Ltd.

March 31, 2026

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