StarSource material: The issuance of overseas listed shares has been approved by the China Securities Regulatory Commission.

On April 16, Xingyuan Material announced that the company has recently received a "Notice of Approval for Overseas Issuance and Listing of Shenzhen Xingyuan Material Technology Co., Ltd." issued by the China Securities Regulatory Commission. The company plans to issue no more than 172 million shares of overseas listed common stock and list on the Hong Kong Stock Exchange. From the date of issuance of the approval notice to the end of this overseas issuance and listing, if there is a significant event, the company should report it through the China Securities Regulatory Commission filing management information system in accordance with the relevant regulations for domestic enterprises to list overseas. Within 15 working days after completing the overseas issuance and listing, the company should report the issuance and listing situation through the China Securities Regulatory Commission filing management information system. Approval, approval, or record by relevant government regulatory agencies, securities exchanges such as the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange are still uncertain.