Beijing Wanbangda New Material Group Co., Ltd.
Announcement Regarding Reply to Shareholder Suggestion Letter from China Investor Protection Center
Stock Code: 300055 Stock Abbreviation: Wanbangda Announcement No.: 2026-032
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the disclosed information, and that there are no false records, misleading statements, or material omissions.
Recently, Beijing Wanbangda New Material Group Co., Ltd. (hereinafter referred to as the "Company") received a "Shareholder Suggestion Letter" (Investment Protection Center Exercise Letter [2026] No. 93) from the China Investor Protection Center, concerning the passive formation of related party guarantees and financial assistance arising from the Company's sale of 87.55% of the equity of Heilongjiang Jingshenghua Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Heilongjiang Jingshenghua"). The Company attaches great importance to the "Shareholder Suggestion Letter" and hereby responds to the suggestions and makes the following announcement:
I. Content of the "Shareholder Suggestion Letter"
"Beijing Wanbangda New Material Group Co., Ltd.:
The China Investor Protection Center (hereinafter referred to as the China Investor Protection Center) is a statutory public interest investment protection institution directly managed by the China Securities Regulatory Commission, with responsibilities including "holding securities and other financial products for public interest, exercising rights and protecting rights as a shareholder." The China Investor Protection Center holds shares in your company and legally possesses shareholder rights such as the right to information, suggestion, and voting, as granted by laws and regulations such as the Company Law. On July 27, 2026, your company announced its intention to transfer 87.55% of the equity of its holding subsidiary, Heilongjiang Jingshenghua Environmental Protection Technology Co., Ltd. (hereinafter referred to as Heilongjiang Jingshenghua), to its actual controller and Chairman Wang Piaoyang for RMB 284 million. After the transaction, your company will no longer hold equity in Heilongjiang Jingshenghua, resulting in passive formation of related party guarantees and financial assistance, which has attracted widespread market attention. Therefore, the China Investor Protection Center hereby exercises its shareholder suggestion rights, as follows:
I. Suggestion to add counter-guarantee measures for passively formed related party guarantees