Stock Code: 001373 Stock Abbreviation: Xiangteng New Material Announcement No.: 2025-058 Jiangsu Xiangteng New Material Co., Ltd. Announcement on Equity Change of Shareholders Holding Over 5% and Reaching Integer Multiples of 1% The shareholders Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership), Shanghai Longxin Private Equity Investment Fund Partnership (Limited Partnership), Shenzhen Nanshan Yongquan Private Equity Investment Fund Partnership (Limited Partnership), and Shanghai Yongyue Venture Capital Partnership (Limited Partnership) guarantee that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or material omissions. This company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligors. Jiangsu Xiangteng New Material Co., Ltd. (hereinafter referred to as "the Company," "this Company," or "Xiangteng New Material") disclosed the "Announcement on Pre-disclosure of Shareholding Reduction by Shareholders" (Announcement No. 2025-052) on November 25, 2025. Among them, shareholders Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Xianghe Yongyuan"), Shanghai Longxin Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Longxin"), Shenzhen Nanshan Yongquan Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Nanshan Yongquan"), and Shanghai Yongyue Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Yongyue") (for prudence and to protect investor interests, the four funds reduced their holdings in a concerted manner) planned to reduce their holdings of the Company's shares by a total of no more than 2,060,604 shares (accounting for 3% of the Company's total share capital) through centralized bidding/block trading. This shareholding reduction plan was to be carried out within 3 months from the 15th trading day after the disclosure of the aforementioned announcement (i.e., from December 17, 2025, to March 16, 2026). The Company recently received the "Notice on the Progress of Shareholding Reduction Plan Implementation" from shareholders Xianghe Yongyuan, Shanghai Longxin, Nanshan Yongquan, and Shanghai Yongyue. From December 18, 2025, to December 25, 2025, the aforementioned shareholders cumulatively reduced their holdings of the Company's shares by 543,601 shares, accounting for 0.79% of the Company's total share capital. After this equity change, the total number of shares held by the aforementioned shareholders decreased from 6,725,372 shares to 6,181,771 shares, and their total shareholding ratio decreased from 9.79% to 9%. The total shareholding ratio of the aforementioned shareholders after the equity change has reached an integer multiple of 1%. The specific details of the equity change are hereby announced as follows:
- Basic Information Information Disclosure Obligor 1: Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership) Registered Address: Room 1702, No. 958, Lujiazui Ring Road, China (Shanghai) Pilot Free Trade Zone Information Disclosure Obligor 2: Shanghai Longxin Private Equity Investment Fund Partnership (Limited Partnership) Registered Address: 6th Floor, No. 658, Xikang Road, Jing'an District, Shanghai Information Disclosure Obligor 3: Shenzhen Nanshan Yongquan Private Equity Investment Fund Partnership (Limited Partnership) Registered Address: Room 1202H1, Fiyata Technology Building, No. 002, Gaoxin South 1st Road, High-tech Zone Community, Nanshan District, Shenzhen Information Disclosure Obligor 4: Shanghai Yongyue Venture Capital Partnership (Limited Partnership) Registered Address: 6th Floor, No. 658, Xikang Road, Jing'an District, Shanghai Time of Equity Change: December 18, 2025, to December 25, 2025 Process of Equity Change: Due to funding needs, shareholders Xianghe Yongyuan, Shanghai Longxin, Nanshan Yongquan, and Shanghai Yongyue reduced their holdings of the Company's shares by 543,601 shares through centralized bidding/block trading from December 18, 2025, to December 25, 2025, accounting for 0.79% of the Company's total share capital. This equity change will not lead to a change in the Company's controlling shareholder and actual controller, nor will it have a significant impact on the Company's corporate governance structure and sustainable operation. Stock Abbreviation: Xiangteng New Material Stock Code: 001373 Direction of Change: Increase √ Decrease [blank] Acting in Concert: Yes √ No [blank] Is it the largest shareholder or actual controller: No √
- Details of Current Equity Change Share Type | Number of Shares Reduced (shares) | Proportion of Total Share Capital A-share | 543,601 | 0.79% Total | 543,601 | 0.79% Method of Equity Change (Select Multiple): √ Through centralized trading on the securities exchange √ Through block trading on the securities exchange Other [blank] (Please specify)
- Shareholding Situation of Investors and Their Concerted Parties Before and After the Current Change Shareholder Name | Shareholder Nature | Shares Held Before Change (shares) | Proportion of Total Share Capital | Shares Held After Change (shares) | Proportion of Total Share Capital Xianghe Yongyuan | Total Shares Held | 4,304,254 | 6.27% | 4,197,761 | 6.11% | Of which: Shares with unrestricted sale | 4,304,254 | 6.27% | 4,197,761 | 6.11% | Shares with restricted sale | 0 | 0 | 0 | 0 Shanghai Longxin | Total Shares Held | 967,362 | 1.41% | 793,310 | 1.15% | Of which: Shares with unrestricted sale | 967,362 | 1.41% | 793,310 | 1.15% | Shares with restricted sale | 0 | 0 | 0 | 0 Nanshan Yongquan | Total Shares Held | 967,362 | 1.41% | 793,310 | 1.15% | Of which: Shares with unrestricted sale | 967,362 | 1.41% | 793,310 | 1.15% | Shares with restricted sale | 0 | 0 | 0 | 0 Shanghai Yongyue | Total Shares Held | 486,394 | 0.71% | 397,390 | 0.58% | Of which: Shares with unrestricted sale | 486,394 | 0.71% | 397,390 | 0.58% | Shares with restricted sale | 0 | 0 | 0 | 0 Total | 6,725,372 | 9.79% | 6,181,771 | 9%
- Fulfillment of Commitments, Plans, etc. Is this change a fulfillment of commitments, intentions, or plans made? Yes √ No [blank] The Company disclosed the "Announcement on Pre-disclosure of Shareholding Reduction by Shareholders" (Announcement No. 2025-052) on November 25, 2025. Among them, shareholders Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership), Shanghai Longxin Private Equity Investment Fund Partnership (Limited Partnership), Shenzhen Nanshan Yongquan Private Equity Investment Fund Partnership (Limited Partnership), and Shanghai Yongyue Venture Capital Partnership (Limited Partnership) planned to reduce their holdings of the Company's shares by a total of no more than 2,060,604 shares (accounting for 3% of the Company's total share capital) through centralized bidding/block trading. This shareholding reduction plan was to be carried out within 3 months from the 15th trading day after the disclosure of the aforementioned announcement (i.e., from December 17, 2025, to March 16, 2026). The shareholding reduction activities of the aforementioned shareholders are consistent with the disclosed shareholding reduction plan. As of the disclosure date of this announcement, the shareholding reduction plan has not yet been fully implemented. Does this change violate the "Securities Law," "Measures for the Administration of the Takeover of Listed Companies," and other laws, administrative regulations, departmental rules, normative documents, and business rules of this exchange? No √ If yes, please explain the specific circumstances of the violation, rectification plan, and handling measures.
- Shares with Restricted Voting Rights In accordance with Article 63 of the "Securities Law," are there any shares that cannot be voted? No √ If yes, please state the proportion of the corresponding number of shares to the existing share capital of the listed company.
- Explanation on Share Increase by Shareholders Holding Over 30% (Not Applicable)
- Documents for Inspection
- "Notice on the Progress of Shareholding Reduction Plan Implementation" issued by information disclosure obligors Xianghe Yongyuan, Shanghai Longxin, Nanshan Yongquan, and Shanghai Yongyue.
- Stockholding Change Details from China Securities Depository and Clearing Corporation Limited. Note: The sum of the above totals and the individual details may differ in the last digit due to rounding. Hereby announced. Jiangsu Xiangteng New Material Co., Ltd. Board of Directors December 27, 2025