Material: The company expects that market conditions will not undergo significant changes by 2026.

On November 20th, Applied Materials released a clarification stating that recently, some media outlets have published inaccurate articles and headlines that mistakenly described the business situation of Applied Materials in China. Applied Materials has always provided high quality products and excellent services to Chinese customers, and complies with applicable laws and regulations. In the past 12 months, various changes in U.S. trade rules have narrowed the market scope for American companies to operate in China, but Applied Materials currently expects no significant changes in market restrictions until 2026.