Xinlun New Materials Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Explanation of the Appointment of the Sponsor Securities Firm
The Company's stock price was below 1 yuan for twenty consecutive trading days from June 4, 2024, to July 2, 2024, triggering the delisting conditions specified in Article 9.2.1, Paragraph 1, Item (4) of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)" (hereinafter referred to as "the Listing Rules"). On August 9, 2024, the Company received the "Decision on the Delisting of Xinlun New Materials Co., Ltd. Stock" (Shenzhen Stock Exchange [2024] No. 652) from the Shenzhen Stock Exchange, which decided to terminate the listing of the Company's stock.