Kangda New Materials: End of the plan to acquire no less than 51% equity of Northern Semiconductor.

Kangda New Materials announced that on August 28, 2025, the company signed an "Acquisition Intent Agreement" with Beiyi Semiconductor and its shareholders, intending to acquire not less than 51% of the equity through cash payment to obtain controlling rights. However, due diligence, audit and other work did not progress as expected, and the parties involved in the transaction did not reach a consensus on the progress. To protect the rights and interests of shareholders, the company has decided to terminate the acquisition, and the parties signed an "Acquisition Termination Agreement" on November 13. The termination of this transaction does not involve any breach of contract, and will not have a significant adverse impact on the company's production and operation, financial situation, or future strategic planning.