Ningbo Fuda: Termination of the planned major asset restructuring transaction.

Ningbo Fuda Announcement: The company originally planned to acquire no less than 45% of the equity of Ningbo Jingxin Electronic Materials Co., Ltd. through a cash acquisition or capital increase, and ensure that the listed company owns voting rights of the target company of no less than 51%. Due to the failure of the two parties to reach a consensus on the final transaction plan, after friendly negotiations, all parties agreed to terminate the further advancement of this transaction. The termination of this major asset restructuring does not require the approval of the board of directors or shareholders' meeting. The transaction is still in the planning stage and has not had a significant adverse impact on the listed company's existing production and operation activities, financial status, and strategic development. The company promises not to plan any major asset restructuring for at least one month from the date of this announcement.