New Han New Material: The controlling shareholder plans to reduce its stake by no more than 2%.

New Han New Material Announcement: Controlling shareholder and actual controller Qin Cui'e holds 34.0535 million shares, accounting for 19.47% of the total shares. Due to personal capital needs, she plans to reduce her holdings by no more than 1% through centralized competitive trading on the stock exchange within three months after the disclosure date of this announcement, totaling no more than 174.88 million shares, and by no more than 1% through block trading, totaling no more than 174.88 million shares, totaling no more than 349.76 million shares, accounting for 2% of the total shares.