Zhongqi New Materials: Yu Minghua reduces holdings by 2.95%, the reduction plan is completed.

Announcement from Zhongqi Xincai, Hainan Yuminghua and its concerted action Xiong Hongwen have collectively reduced their holdings by 5,426,500 shares through block trades and concentrated bids from August 25th to September 19th, 2025, accounting for 2.95% of the total share capital excluding the repurchase special account, with a plan to complete the reduction. Among them, Hainan Yuminghua reduced its holdings by 3,606,500 shares at an average price of 47.93 yuan per share, accounting for 1.96%; Xiong Hongwen reduced his holdings by 1,820,000 shares at an average price of 61.85 yuan per share, accounting for 0.99%. After the reduction, Hainan Yuminghua holds 4,163,600 shares, accounting for 2.26%, while Xiong Hongwen no longer holds any shares.