Shanghai Weicai New Materials: If the stock price continues to rise in the future, the company will further apply for a trading suspension inspection.

Shangwei New Materials announces abnormal fluctuations in its stock price. The company's stock price has surged significantly since July 2025, with multiple instances of unusual volatility and severe abnormal fluctuations. The company has halted trading twice to investigate the stock trading situation. Currently, the stock price has deviated significantly from the underlying fundamentals. If the stock price continues to rise, the company will apply for another trading halt for further investigation. Zhiguan Innovations Technology Co., Ltd. is one of the company's indirect shareholders, but its production, operation, core technology development, etc. are independent from the company. As of now, there are no other relevant transactions or relationships that need to be disclosed between the company and Zhiguan Innovations.