Xiangteng New Materials: Shareholders terminate the reduction plan in advance, and reduce their holdings by a total of 2.91%.

Shangteng New Materials announced that shareholders Xiangheyongyuan, Shanghai Xin, Nanshan Yongquan and Shanghai Yongyue have terminated their plan to reduce their holdings in advance. Previously, the four shareholders planned to reduce a total of no more than 2.06 million shares, accounting for 3% of the total share capital, during the period from September 8, 2025 to December 7, 2025. As of November 6, the above-mentioned shareholders have collectively reduced their holdings by 2.01 million shares, accounting for 2.91% of the total share capital, at a price range of 26.58-31.59 yuan per share. This reduction does not violate any regulations, will not result in a change in the company's control, and will not have a significant impact on the company's operations.