Zhongqi New Materials: "Zhongqi Convertible Bonds" is expected to trigger redemption conditions.

Hengqi New Materials Announcement: From November 10, 2025 to November 20, 2025, the closing price of the company's stock has been at least 130% of the conversion price of the current period for nine trading days. It is expected that the conditional redemption clause of "Hengqi Convertible Bonds" may be triggered in the future. According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Public Issuance of Convertible Corporate Bonds of Guangdong Hengqi New Materials Co., Ltd.", the Board of Directors of the company will have the right to decide whether to redeem all or part of the unconverted "Hengqi Convertible Bonds" at the price of the face value of the bonds plus accrued interest at the current period.