Fulai New Materials: The application for issuing stocks to specific parties has been approved by the China Securities Regulatory Commission.

Fulai New Materials announced that it has recently received approval from the China Securities Regulatory Commission to issue shares to specific parties. The issuance should be carried out in accordance with the application documents submitted to the Shanghai Stock Exchange and the issuance plan. The approval is valid for 12 months from the date of registration. In case of significant events occurring between the registration date and the end of the issuance, the company should report to the exchange in a timely manner and handle the situation. The company will handle relevant matters within the specified timeframe and fulfill its disclosure obligations.