On May 31st, Gelon Holdings announced the abnormal fluctuations in the trading of Guizhou Wire Rope's stocks. The company is aware of rumors related to the liquor industry's "shell mergers" and "reorganizations." The company conducted a comprehensive investigation and consulted with the controlling shareholders and actual controller. As of the date of this announcement, there are no significant issues affecting the abnormal fluctuations in the company's stock transactions for the company, controlling shareholders, and actual controllers. There are no other significant information that should be disclosed but has not been disclosed, including but not limited to significant asset restructurings, share issuances, acquisitions, debt restructurings, business restructurings, asset divestitures, asset injections, share repurchases, stock-based incentives, bankruptcies and reorganizations, major business collaborations, and the introduction of strategic investors.
Currently, the company has no negotiations or discussions related to the liquor industry's "shell mergers" and "reorganizations." The company's strategic positioning is to become a world-class manufacturer of metal wire products, and metal wire product manufacturing remains the company's core business. The company will continue to adhere to its main business, drive innovation and development, enhance scientific and technological innovation and brand building, and lead the metal wire product industry to develop to world-class level. The rumors related to the company's "shell mergers" and "reorganizations" are not true.
