Sancai New Materials: Application for issuing stocks to specific entities approved by the Shenzhen Stock Exchange.

Announcement of Sansuper New Materials: The company recently received a notice from the Shenzhen Stock Exchange regarding the acceptance of the application documents for the issuance of shares to specific entities by Nanjing Sansuper New Materials Co., Ltd. The Shenzhen Stock Exchange conducted a review of the application documents submitted by the company for the issuance of shares to specific entities and deemed them complete, and therefore decided to accept them. The issuance of shares to specific entities by the company still needs to be reviewed by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission before it can be implemented. The decision and timing of whether the company's application will pass the review of the Shenzhen Stock Exchange and obtain approval from the China Securities Regulatory Commission are still uncertain.