Tiansheng New Material: Vice President and Chief Financial Officer Huang Bing resigns due to personal health reasons.

Tiansheng New Materials announcement: The Board of Directors has received the resignation application from Vice President and CFO Huang Bing. Huang Bing resigned from the aforementioned positions due to personal health reasons, and will no longer hold any position in the company after resignation. His resignation report will take effect from the date of delivery to the Board of Directors. His work will be properly handed over, and will not have any adverse impact on the company's daily operations. The company will soon hire a new CFO, and in the meantime, the duties will be temporarily taken over by the Board of Directors and CEO Xu Yi. Huang Bing did not hold any company stocks, and during his tenure, he was diligent and responsible. The company and the Board of Directors thank him for his work.