South Asia New Materials: Advance termination of the reduction plan, 7 shareholders collectively reduce their holdings by approximately 3.5638 million shares.

South Asia New Materials announced that some of the company's directors, actual controllers, and their concerted action parties have decided to terminate the reduction plan ahead of schedule. As of the date of the announcement, seven shareholders including Bao Xiuyin, Bao Aifang, Zhou Jufen, Bao Yaochong, Bao Sijiao, Bao Hangyu, and Zhang Dong have collectively reduced their shares in the company by approximately 3.5638 million shares, accounting for about 1.5% of the total share capital of the company. Among them, Zhou Jufen exceeded the reduction by 1000 shares due to operational errors, violating relevant regulations. In order to compensate for the impact, Bao Hangyu and Bao Yaochong voluntarily gave up the remaining 2200 shares in total for reduction, and decided to terminate the current reduction plan ahead of schedule.