China Materials Technology: Responding to the Inquiry Regarding Private Placement, Clarifying Solutions and Timeline for Addressing Competition in the Same Industry.

date
16/01/2026
China Material Technology announced that in response to the second round of inquiry letter on the private placement review issued by the Shenzhen Stock Exchange on January 9, 2026, the company has replied with the sponsor. In terms of industry competition issues, the controlling shareholder and the actual controller have formulated a solution, and will comprehensively promote business integration through various methods, with a clear goal of resolving the issue by December 2026, in accordance with relevant requirements. The main investment of this fundraising project is the special fiber fabric project, which is part of the original business and can be considered as not adding to industry competition. In addition, since the acceptance of the issuance application on November 27, 2025, there has been no significant negative public opinion affecting the issuance, and the information disclosure has not been questioned.