Shenzhen Placo New Materials Co., Ltd. (hereinafter referred to as "the Company") held the 17th meeting of the 4th Board of Directors on June 1, 2026, where it reviewed and approved the proposals regarding the issuance of H shares and listing on the Hong Kong Stock Exchange.
To meet the needs of the Company's business development, advance its international strategy, create an international capital operation platform, enhance its international brand image, and improve its overall competitiveness in the global market, the Company is planning to issue overseas listed foreign shares (H shares) and list on the main board of the Hong Kong Stock Exchange (hereinafter referred to as "this H share issuance and listing").