Huaguang New Materials: Shareholders holding more than 5% of the shares and their concerted action parties collectively reduced their holdings to 45.32%.

Huangguang New Materials announced that from November 5, 2025 to December 23, 2025, major shareholder Huaguang Investment has cumulatively reduced its holdings by 1.44563 million shares, accounting for 1.60% of the total share capital. After this equity change, Huaguang Investment and its concerted actors Jin Limei and Hangzhou Tongzhou Investment Management Co., Ltd. collectively reduced their holdings from 42.268 million shares to 40.822437 million shares, with the proportion of total share capital decreasing from 46.92% to 45.32%. This reduction is in accordance with the disclosed plan, does not trigger a tender offer, does not affect the controlling shareholder, and the reduction plan has not been fully implemented yet.