Zhejiang Xinghua New Materials Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
On January 15, 2026, the Company disclosed the "Announcement on Planning Major Asset Restructuring and Signing the 'Equity Acquisition Intent Agreement' with Hangzhou Tiankuan Technology Co., Ltd." (Announcement No. 2026-001) on the Giant Tide Information Network (www.cninfo.com.cn). The Company planned to purchase no less than 51.00% of the shares of Hangzhou Tiankuan Technology Co., Ltd. (hereinafter referred to as "Tiankuan Technology") for cash. Due to the failure of the parties involved to reach an agreement on the core terms and transaction details of this transaction, and the inability to finalize the plan and formal agreement, the Company, after thorough and prudent research and with the unanimous consent of all parties involved, has decided to terminate this major asset restructuring plan. The specific matters are announced as follows: