Guancheng New Materials: The holding shareholder's 1.01% stake is being auctioned by the court.

Guancheng New Materials announced that due to a dispute over equity involving Fujian Shenhua Era Digital Animation Co., Ltd., Lin Xiuqun, Fujian Fengrong Investment Co., Ltd., among others, 16.895 million shares held by Fengrong Investment were frozen. The shares being auctioned off this time are 14.045 million of the aforementioned frozen shares, accounting for about 1.01% of the total share capital of the company. As of the disclosure date of this announcement, the online auction stage of this judicial auction has ended, and all 14.045 million shares auctioned off in this auction have been sold, accounting for 1.01% of the total share capital of the company. According to the "Bidding Result Confirmation Letter" published on the Taobao Judicial Auction Network Platform, the final transaction shall be subject to the auction transaction ruling issued by the People's Court of Gulou District, Fuzhou City. The subsequent steps involve the payment of the remaining auction amount and the transfer of equity, and the final result is uncertain.