Suzhou New Material: The actual controller will be changed to Zhangjiagang State-owned Assets Management Center.

Ruizheng New Materials announced that they have received a notification from their indirect controlling shareholder and actual controller, International Trade, informing them that the People's Government of Zhangjiagang City, Jiangsu Province intends to transfer their 100% equity in International Trade to a wholly state-owned company, Chanfa Group, funded by the Zhangjiagang State-owned Assets Management Center. After the transfer, the controlling shareholder and indirect controlling shareholder of the company will remain as Jiangsu Guotai International Group Co., Ltd. and Jiangsu Guotai International Trade Co., Ltd., with no change in shareholding; the actual controller will change to the Zhangjiagang State-owned Assets Management Center. This gratuitous transfer meets the provisions of Article 63 of the "Management Measures for the Acquisition of Listed Companies" and is exempt from making a tender offer. Currently, this matter is awaiting the formal agreement and completion of the transfer by both parties.