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Litong Electronics, a company that has witnessed two consecutive days of hitting the daily price limit, has released an announcement regarding abnormal stock price fluctuations to address and dispel online rumors. The announcement clarifies that the company's research and development (R&D) efforts for liquid cooling products are still in the preliminary exploration phase, with no concrete development or production strategies currently in place. Additionally, the company refutes the existence of a Xingyun computing power scheduling platform and denies having any AI data center project in Port Dickson, Malaysia. Moreover, Litong Electronics states that it has neither exported equipment to Indonesia or Thailand nor secured a $300 million contract for overseas computing power equipment. All the aforementioned rumors are baseless and untrue.
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