Yangtze Materials: Changes in equity of controlling shareholders and their concerted actors affecting multiples of 1%

Changjiang Materials announced that its controlling shareholder, actual controller, and chairman Xiong Ying, from November 7 to 13, 2025, collectively reduced their holdings by 1.6822 million shares through centralized bidding and block trading, accounting for 1.1245% of the total share capital. After this reduction, Xiong Ying and his concerted action parties Xiong Jie, Xiong Fan, and Xiong Yin collectively hold 88.0725 million shares, accounting for 58.8755% of the total share capital, with the equity change triggering a multiple of 1%. This change will not lead to a change in the controlling shareholder or actual controller, and will not affect corporate governance and operations. The reduction plan has not yet been fully implemented.