Tieliu Co., Ltd.: The company's stock has seen a significant short-term rise. Please investors be aware of trading risks.

On May 20, Tieliu issued a change announcement, and the company's stock price rose significantly in the short term. At present, the company's production and operation activities are normal, the market environment and industry policies have not undergone major adjustments, production costs and sales have not fluctuated significantly, and the internal production and operation order is normal. The Company, its controlling shareholders and actual controllers have not planned major matters such as major asset restructuring, share issuance, major transactions, business restructuring, share repurchases, equity incentives, bankruptcy reorganization, major business cooperation, and introduction of strategic investors involving listed companies, and there are no major matters or important information that should be disclosed but have not been disclosed. The company has not found any media reports or market rumors that may have a significant impact on the trading price of the company's shares, and the company has not found other major events that may have a significant impact on the company's stock price. The company's controlling shareholders, actual controllers, directors, supervisors and senior managers of the company did not buy and sell the company's shares during the abnormal fluctuation of the company's stock trading.