Happiness Blue Ocean said its stock closed with a cumulative deviation of more than 30% over three consecutive trading days on July 14, July 15, and July 16, which meets the criteria for abnormal stock trading volatility. According to Jin10, the company said it and its controlling shareholder have no material matters that should have been disclosed but were not disclosed, and no material matters are currently being planned. The company also said its recent operating conditions and internal and external business environment have not changed materially.