Shengtong Energy: Qiteng Robot Has No Plan to Change Main Business Within 12 Months

Shengtong Energy (001331.SZ) issued an announcement on abnormal stock trading fluctuations on November 11, saying its main business remains the procurement, transportation and sales of liquefied natural gas (LNG), with no material change. The company said its production and operations are independent from those of controlling shareholder Qiteng Robot Co., Ltd. and its related parties. Qiteng Robot and its concert parties currently have no clear plan to change the listed company's main business within the next 12 months, the announcement said. The statement, reported by Gelonghui, followed unusual trading in Shengtong Energy's shares and was aimed at clarifying market concerns. The company did not disclose additional details about the trading fluctuation or any potential business adjustment.