According to Jin10, Hengyi Petrochemical said its shares had risen by a cumulative more than 20% over three consecutive trading days, meeting the criteria for unusual trading volatility. The company said its previously disclosed information did not need correction or supplementation, it had not found any undisclosed material information that could significantly affect its share price, its operations were normal, and there had been no major recent changes in operations. It also said the company, its controlling shareholder, and its actual controller had no material matters that should have been disclosed but were not, and that the controlling shareholder and actual controller did not buy or sell company shares during the period of abnormal stock movement. Hengyi Petrochemical added that crude oil prices, its main raw material, face significant uncertainty risk, and that “Hengyi Convertible 2” has begun early redemption, leaving investors who do not convert in time at risk of losses.