Great Star New Materials: Using more than 600 million idle funds to purchase bank financial products.

Grandstar New Materials announced that, upon approval at the 2024 shareholder meeting, the company and its subsidiaries can use up to 1.2 billion RMB of idle self-owned funds for investment and financial management from May 7, 2025 to May 6, 2026. Recently, the company used 140 million RMB and 45 million RMB in November, 100 million RMB and 400 million RMB in December to purchase bank wealth management products from Industrial and Commercial Bank of China, Shanghai Pudong Development Bank, and Agricultural Bank of China, respectively, with varying terms of 1-5 months. As of December 26, 2025, the company has purchased a total of 4.366 billion RMB in wealth management products in the past 12 months, with a redemption of 3.176 billion RMB, resulting in earnings of 13.589 million RMB. The unrealized amount is 1.19 billion RMB, accounting for 23.37% of the latest audited net assets.