Announcement on the Listing and Trading of Overseas Listed Foreign Shares (H Shares) and Changes in Equity

I. Situation of the Listing and Trading of Overseas Listed Foreign Shares (H Shares)

Shenzhen Woer Material Co., Ltd. (hereinafter referred to as "the Company") is applying for the issuance of overseas listed foreign shares (H shares) and the listing on the Main Board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as "Hong Kong Stock Exchange"). The total number of H shares globally offered by the Company is 139,988,800 shares, of which 13,999,000 shares are for public offering in Hong Kong, accounting for 10% of the total global offering; 125,989,800 shares are for international offering, accounting for 90% of the total global offering. The Company will not exercise the over-allotment option. Based on the offering price of HKD 20.09 per H share, after deducting underwriting commissions and other estimated expenses related to the global offering, the estimated net proceeds from the global offering will be approximately HKD 2.734 billion. With the approval of the Hong Kong Stock Exchange, the 139,988,800 H shares will be listed and traded on the Main Board of the Hong Kong Stock Exchange on February 13, 2026. The Chinese abbreviation for the Company's H shares is "沃尔核材," the English abbreviation is "WOER," and the stock code is "9981." After the completion of this issuance and listing, the changes in the Company's shareholding are as follows: