Fangda Carbon: Planned reduction of no more than 1.88% of shares.

Fangda Carbon announced that the company has repurchased 196 million shares of stock through centralized bidding from September 19, 2024 to November 4, 2024, accounting for 4.88% of the total share capital. The board of directors approved a reduction plan on November 6, 2025, to sell no more than 75.6882 million shares through centralized bidding within 6 months starting from the completion of the 15th trading day after the announcement, accounting for 1.88% of the total share capital. The reduction period will be from December 1, 2025 to May 30, 2026; based on the upper limit calculation, the shares held in the repurchase special account will decrease from 249 million shares to 174 million shares, and the shareholding ratio will decrease from 6.19% to 4.31%.