New Risk • Jun 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 34% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥144m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 72% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥80.8m market cap, or US$11.9m). Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Youping Fang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 18, 2026 Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: No. 688, Wanchang Middle Road, Wenling, Taizhou Zhejiang China